It Is Inherent In The Nature Of

Where There Is No Market Economy, The Best Intentioned Provisions Of Constitutions And Laws Remain A Dead Letter.

The Criterion Of Truth Is That It Works Even If Nobody Is Prepared To Acknowledge It.

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.

A Genius Is Always A Teacher, Never A Pupil; He Is Always Self-made.

The [liberals] Consider Profits As Objectionable. The Very Existence Of Profits Is In Their Eyes A Proof That Wage Rates Could Be Raised Without Harm To Anybody. They Speak Of Profit Without Dealing With Loss. Profit And Loss Are The Instruments By Means Of Which The Consumers Keep A Tight Rein On All Business Activities. A Profitable Enterprise Tends To Expand; An Unprofitable One Tends To Shrink. The Elimination Of Profit Renders Production Rigid And Abolishes The Consumer's Control.