He who serves the public best, makes the highest profits.
Planning other people's actions means to prevent them from planning for themselves, means to deprive them of their essentially human quality, means enslaving them.
Depression is the aftermath of credit expansion.
[E]conomic history is a long record of government policies that failed because they were designed with a bold disregard for the laws of economics
Continued inflation inevitably leads to catastrophe.
Economic progress is the work of the savers, who accumulate capital, and of the entrepreneurs, who turn capital to new uses.
Freedom really means the freedom to make mistakes.
If one regards inflation as an evil, then one has to stop inflating. One has to balance the budget of the government.
The root of the evil is not the construction of new, more dreadful weapons. It is the spirit of conquest.
Historical knowledge is indispensable for those who want to build a better world
Do not give in to evil, but proceed ever more boldly against it.
What pushes the masses into the camp of socialism is, even more than the illusion that socialism will make them richer, the expectation that it will curb all those who are better than they themselves are.
Economics is not about things and tangible material objects; it is about men, their meanings and actions.
It is vain to fight totalitarianism by adopting totalitarian methods. Freedom can only be won by men unconditionally committed to the principles of freedom. The first requisite for a better social order is the return to unrestricted freedom of thought and speech.
The standard of living of the common man is higher in those countries which have the greatest number of wealthy entrepreneurs.
The final outcome of the credit expansion is general impoverishment.
Taxing profits is tantamount to taxing success.
What economic calculation requires is a monetary system whose functioning is not sabotaged by government interference.
The government and its chiefs do not have the powers of the mythical Santa Claus. They cannot spend except by taking out of the pockets of some people for the benefit of others.
There is no means by which anyone can evade his personal responsibility. Whoever neglects to examine to the best of his abilities all the problems involved voluntarily surrenders his birthright to a selfappointed elite of supermen. In such vital matters blind reliance upon 'experts' and uncritical acceptance of popular catchwords and prejudices is tantamount to the abandonment of self-determination and to yielding to other people's domination. As conditions are today, nothing can be more important to every intelligent man than economics. His own fate and that of his progeny are at stake.
Many who are self-taught far excel the doctors, masters, and bachelors of the most renowned universities.
Some think that they will exercise power for the general good, but that is what all those with power have believed. Power is evil in itself, regardless of who exercises it.
Society is best served when the means of production are in the possession of those who know how to use them best.
The planner is a potential dictator who wants to deprive all other people of the power to plan and act according to their own plans. He aims at one thing only: the exclusive absolute preeminence of his own plan.
Capitalism means free enterprise, sovereignty of the consumers in economic matters, and sovereignty of the voters in political matters. Socialism means full government control of every sphere of the individuals life and the unrestricted supremacy of the government in its capacity as central board of production management.
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