“The 'private sector' of the economy is, in fact, the voluntary sector; and ... the 'public sector' is, in fact, the coercive sector.”

“While the invisible hand looks after the private sector, the invisible foot kicks the public sector to pieces.”

“Necessary policemen, firemen, street cleaners, health officers, judges, legislators and executives perform productive services as important as those of anyone in private industry. They make it possible for private industry to function in an atmosphere of law, order, freedom and peace. But their justification consists in the utility of their services. It does not consist in the "purchasing power" they possess by virtue of being on the public payroll.”

“The ideas which now pass for brilliant innovations and advances are in fact mere revivals of ancient errors, and a further proof of the dictum that those who are ignorant of the past are condemned to repeat it.”

“private loans will utilize existing resources and capital far better than government loans. Government loans will waste far more capital and resources than private loans. Government loans, in short, as compared with private loans, will reduce production, not increase it.”

“When the government makes loans or subsidies to business, what it does is to tax successful private business in order to support unsuccessful private business.”

“It was May 2009, and I didn’t like where the economy was headed. (I wished the Federal Reserve had a GPS or a map or some clue as to where they were driving the economy). Actually, the private sector drives the economy, while the Fed and the government just siphon gas out of the tank.”