The struggle for freedom is ultimately not resistance to autocrats or oligarchs but resistance to the despotism of public opinion.

The inequality of income and fortunes is essential in capitalism.

The philosophy commonly called individualism is a philosophy of social cooperation and the progressive intensification of the social nexus.

There is no such thing as a just and fair method of exercising the tremendous power that interventionism puts into the hands of the legislature and the executive.

No private enterprise will ever fall prey to bureaucratic methods of management if it is operated with the sole aim of making profit.

The essence of Keynesianism is its complete failure to conceive the role that saving and capital accumulation play in the improvement of economic conditions.

Capital does not 'beget profit' as Marx thought. The capital goods as such are dead things that in themselves do not accomplish anything. If they are utilized according to a good idea, profit results. If they are utilized according to a mistaken idea, no profit or losses result. It is the entrepreneurial decision that creates either profit or loss.