The Characteristic Feature Of Modern Capitalism Is

The Interventionists Do Not Approach The Study Of Economic Matters With Scientific Disinterestedness. Most Of Them Are Driven By An Envious Resentment Against Those Whose Incomes Are Larger Than Their Own. This Bias Makes It Impossible For Them To See Things As They Really Are. For Them The Main Thing Is Not To Improve The Conditions Of The Masses, But To Harm The Entrepreneurs And Capitalists Even If This Policy Victimizes The Immense Majority Of The People.

The Entrepreneur Profits To The Extent He Has Succeeded In Serving The Consumers Better Than Other People Have Done.

It Is Extremely Difficult For Our Contemporaries To Conceive Of The Conditions Of Free Banking Because They Take Government Interference With Banking For Granted And As Necessary.

To Assign To Everybody His Proper Place In Society Is The Task Of The Consumers. Their Buying And Abstention From Buying Is Instrumental In Determining Each Individual's Social Position.

In Order To Succeed In Business A Man Does Not Need A Degree From A School Of Business Administration. These Schools Train The Subalterns For Routine Jobs. They Certainly Do Not Train Entrepreneurs.