All people, entrepreneurs as well as non-entrepreneurs, look askance upon any profits earned by other people. Envy is a common weakness of men. People are loath to acknowledge the fact that they themselves could have earned profits if they had displayed the same foresight and judgment the successful businessman did.

There is no reason why capitalists and entrepreneurs should be ashamed of earning profits.

People do not cooperate under the division of labor because they love or should love one another. They cooperate because this best serves their own interests.

The Welfare State is merely a method for transforming the market economy step by step into socialism.

Man is born an asocial and antisocial being. The newborn child is a savage. Egoism is his nature. Only the experience of life and the teachings of his parents, his brothers, sisters, playmates, and later of other people FORCE HIM to acknowledge the advantages of social cooperation and accordingly to change his behavior.

What governments call international monetary cooperation is concerted action for the sake of credit expansion.

There prevails on a free labor market a tendency toward full employment.