The worst evils which mankind has ever had to endure were inflicted by bad governments.
[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 main political problem is how to prevent the police power from becoming tyrannical. This is the meaning of all the struggles for liberty.
Government cannot make man richer, but it can make him poorer.
Whoever wishes peace among peoples must fight statism.
Depressions and mass unemployment are not caused by the free market but by government interference in the economy.
To the grumbler who complains about the unfairness of the market system only one piece of advice can be given: If you want to acquire wealth, then try to satisfy the public by offering them something that is cheaper or which they like better....Equality under the law gives you the power to challenge every millionaire.
The champions of socialism call themselves progressives, but they recommend a system which is characterized by rigid observance of routine and by a resistance to every kind of improvement. They call themselves liberals, but they are intent upon abolishing liberty. They call themselves democrats, but they yearn for dictatorship. They call themselves revolutionaries, but they want to make the government omnipotent. They promise the blessings of the Garden of Eden, but they plan to transform the world into a gigantic post office. Every man but one a subordinate clerk in a bureau.
Liberty is meaningless if it is only the liberty to agree with those in power.
Public works are not accomplished by the miraculous power of a magic wand. They are paid for by funds taken away from the citizens.
For it is an essential difference between capitalist and socialist production that under capitalism men provide for themselves, while under Socialism they are provided for.
Manufacturing and commercial monopolies owe their origin not to a tendency imminent in a capitalist economy but to governmental interventionist policy directed against free trade and laissez faire.
The state can be and has often been in the course of history the main source of mischief and disaster.
The standard of living of the common man is higher in those countries which have the greatest number of wealthy entrepreneurs.
All people, however fanatical they may be in their zeal to disparage and to fight capitalism, implicitly pay homage to it by passionately clamoring for the products it turns out
Whoever prefers life to death, happiness to suffering, well-being to misery must defend without compromise private ownership in the means of production.
The issue is always the same: the government or the market. There is no third solution.
There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.
Rulers do not like to admit that their power is restricted by any laws other than those of physics and biology. They never ascribe their failures and frustrations to the violation of economic law.
What pays under capitalism is satisfying the common man, the customer. The more people you satisfy, the better for you.
Liberalism and capitalism address themselves to the cool, well-balanced mind. They proceed by strict logic, eliminating any appeal to the emotions. Socialism, on the contrary, works on the emotions, tries to violate logical considerations by rousing a sense of personal interest and to stifle the voice of reason by awakening primitive instincts.
The real bosses in the capitalist system of market economy are the consumers. They by their buying and by their abstention from buying decide who should own the capital and run the plants. They determine what should be produced and in what quantity and quality. Their attitudes result either in profit or in loss for the enterpriser. They make poor men rich and rich men poor. They are no easy bosses.
He who disdains the fall in infant mortality and the gradual disappearance of famines and plagues may cast the first stone upon the materialism of the economists.
Government is essentially the negation of liberty.
The market economy is the social system of the division of labor under private ownership of the means of production. Everybody acts on his own behalf; but everybodys actions aim at the satisfaction of other peoples needs as well as at the satisfaction of his own. Everybody in acting serves his fellow citizens.
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