The policies advocated by the welfare school remove the incentive to saving on the part of private citizens.
In capitalist enterprise there is no secure income and no security of wealth.
A wealthy man can preserve his wealth only by continuing to serve the consumers in the most efficient way.
There prevails on a free labor market a tendency toward full employment.
Assistance granted to the unemployed does not dispose of unemployment. It makes it easier for the unemployed to remain idle.
Socialist society is a society of officials.
Socialism is the renunciation of rational economy.
Everything brought forward in favor of Socialism during the last hundred years, in thousands of writings and speeches, all the blood which has been spilt by the supporters of Socialism, cannot make socialism workable.
Every socialist is a disguised dictator.
A genius is always a teacher, never a pupil; he is always self-made.
History makes one wise, but not competent to solve concrete problems.
In life everything is continually in flux.
No increase in the welfare of the member of society can result from the availability of an additional quantity of money.
The first socialists were the intellectuals; they, and not the masses, are the backbone of Socialism.
There is no reason why capitalists and entrepreneurs should be ashamed of earning profits.
Capitalists have the tendency to move toward those countries in which there is plenty of labor available and at which labor is reasonable. And by the fact that they bring capital into these countries, they bring about a trend toward higher wage rates.
Inflation is essentially antidemocratic.
If, as is generally the case, the heirs are not equal to the demands which life makes on an entrepreneur, the inherited wealth rapidly vanishes.
There is no remedy for the inefficiency of public management.
A nation cannot prosper if its members are not fully aware of the fact that what alone can improve their condition s is more and better production. And this can only be brought about by increased saving and capital accumulation.