If Men Do Not Now Succeed In

Innovators And Creative Geniuses Cannot Be Reared In Schools. They Are Precisely The Men Who Defy What The School Has Taught Them.

What People Today Call Inflation Is Not Inflation, I.e., The Increase In The Quantity Of Money And Money Substitutes, But The General Rise In Commodity Prices And Wage Rates Which Is The Inevitable Consequence Of Inflation.

The Direction Of All Economic Affairs Is In The Market Society A Task Of The Entrepreneurs. Theirs Is The Control Of Production. They Are At The Helm And Steer The Ship. A Superficial Observer Would Believe That They Are Supreme. But They Are Not. They Are Bound To Obey Unconditionally The Captain's Orders.

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

No Private Enterprise Will Ever Fall Prey To Bureaucratic Methods Of Management If It Is Operated With The Sole Aim Of Making Profit.