Manufacturing and commercial monopolies owe their origin not to a tendency imminent in a capitalist economy but to governmental interventionist policy directed against free trade and laissez faire.

The criterion of truth is that it works even if nobody is prepared to acknowledge it.

Capitalism means free enterprise, sovereignty of the consumers in economic matters, and sovereignty of the voters in political matters. Socialism means full government control of every sphere of the individuals life and the unrestricted supremacy of the government in its capacity as central board of production management.

Seen from the point of view of the particular group interests of the bureaucrats, every measure that makes the government's payroll swell is progress.

The state can be and has often been in the course of history the main source of mischief and disaster.

The only source from which an entrepreneurs profits stem is his ability to anticipate better than other people the future demand of the consumers.

There is no remedy for the inefficiency of public management.