The market economy-capitalism-is a social system of consumers’ supremacy.
A citizen who casts his ballot without having to the best of his abilities studied as much economics as he can fails in his civic duties.
He who only wishes and hopes does not interfere actively with the course of events and with the shaping of his own destiny.
How pale is the art of sorcerers, witches, and conjurors when compared with that of the government’s Treasury Department!
The superiority of the gold standard consists in the fact that the value of gold develops independent of political actions.
The greater productivity of work under the division of labor is a unifying influence. It leads men to regard each other as comrades in a joint struggle for welfare, rather than as competitors in a struggle for existence. It makes friends out of enemies, peace out of war, society out of individuals.
In a game there are winners and losers. But a business deal is always advantageous for both parties. If both the buyer and the seller were not to consider the transaction as the most advantageous action they could choose under the prevailing conditions, they would not enter into the deal.
It is indeed one of the principal drawbacks of every kind of interventionism that it is so difficult to reverse the process.
A higher standard of living also brings about a higher standard of culture and civilization.
The advocates of public control cannot do without inflation. They need it in order to finance their policy of reckless spending and of lavishly subsidizing and bribing the voters.
Continued inflation inevitably leads to catastrophe.
The liberals of the eighteenth century, guided by the ideas of natural law and of the Enlightenment, demanded for everyone equality of political and civil rights… Nothing, however, is as ill-founded as the assertion of the alleged equality of all members of the human race.