Innovation Is The Whim Of An Elite

You Have The Courage To Tell The Masses What No Politician Told Them: You Are Inferior And All The Improvements In Your Conditions Which You Simply Take For Granted You Owe To The Effort Of Men Who Are Better Than You. If This Be Arrogance, As Some Of Your Critics Observed, It Is Still The Truth That Had To Said In The Age Of The Welfare State.

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.

Government Means Always Coercion And Compulsion And Is By Necessity The Opposite Of Liberty. Government Is A Guarantor Of Liberty And Is Compatible With Liberty Only If Its Range Is Adequately Restricted To The Preservation Of Economic Freedom. Where There Is No Market Economy, The Best-intentioned Provisions Of Constitutions And Laws Remain A Dead Letter.

Everybody Thinks Of Economics Whether He Is Aware Of It Or Not. In Joining A Political Party Or In Casting His Ballot, The Citizen Implicitly Takes A Stand Upon Essential Economic Theories.

Society Cannot Contribute Anything To The Breeding And Growing Of Ingenious Men. A Creative Genius Cannot Be Trained. There Are No Schools For Creativeness. A Genius Is Precisely A Man Who Defies All Schools And Rules, Who Deviates From The Traditional Roads Of Routine And Opens Up New Paths Through Land Inaccessible Before. A Genius Is Always A Teacher, Never A Pupil; He Is Always Self-made.