Depressions and mass unemployment are not caused by the free market but by government interference in the economy.
A society that chooses between capitalism and socialism does not choose between two social systems; it chooses between social cooperation and the disintegration of society. Socialism is not an alternative to capitalism; it is an alternative to any system under which men can live as human beings.
Those who are asking for more government interference are asking ultimately for more compulsion and less freedom.
The real bosses, in the capitalist system of market economy, are the consumers.
Whoever wishes peace among peoples must fight statism.
Government cannot make man richer, but it can make him poorer.
The issue is always the same: the government or the market. There is no third solution.
The main propoganda trick of supporters of the allegedly "progressive" policy of government control is to blame capitalism for all that is unsatisfactory in present-day conditions and to extol the blessings of socialism. They have never attempted to prove their fallacious dogmas, all they did was to call their adversaries names and cast suspicion upon their motives. And, unfortunately, the average citizen cannot see through these stratagems. The liars must be afraid of the truth and are therefore driven to suppress its pronouncement.
The so-called liberals of today have the very popular idea that freedom of speech, of thought, of the press, freedom of religion, freedom from imprisonment without trial-that all these freedoms can be preserved in the absence of what is called economic freedom. They do not realize that, in a system where there is no market, where the government directs everything, all those other freedoms are illusory, even if they are made into laws and written up in constitutions.
All rational action is in the first place individual action. Only the individual thinks. Only the individual reasons. Only the individual acts.
The causes of all panics, crashes and depressions can be summed up in only four words: the misuse of credit.
If one rejects laissez faire on account of mans fallibility and moral weakness, one must for the same reason also reject every kind of government action.
The mark of the creative mind is that it defies a part of what it has learned.
Freedom is indivisible. As soon as one starts to restrict it, one enters upon a decline on which it is difficult to stop.
If you increase the quantity of money, you bring about the lowering of the purchasing power of the monetary unit.
A new type of superstition has got hold of people's minds, the worship of the state. People demand the exercise of the methods of coercion and compulsion, of violence and threat. Woe to anybody who does not bend his knee to the fashionable idols!
The gold standard did not collapse. Governments abolished it in order to pave the way for inflation. The whole grim apparatus of oppression and coercion, policemen, customs guards, penal courts, prisons, in some countries even executioners, had to be put into action in order to destroy the gold standard.
Private property creates for the individual a sphere in which he is free of the state. It sets limits to the operation of the authoritarian will.
He who serves the public best, makes the highest profits.
[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
The fact is that, under a capitalistic system, the ultimate bosses are the consumers. The sovereign is not the state, it is the people.
Economic progress is the work of the savers, who accumulate capital, and of the entrepreneurs, who turn capital to new uses.
Depression is the aftermath of credit expansion.
What pays under capitalism is satisfying the common man, the customer. The more people you satisfy, the better for you.
The masses favor socialism because they trust the socialist propaganda of the intellectuals. The intellectuals, not the populace, are molding public opinion.
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