Capitalism needs neither propaganda nor apostles. Its achievements speak for themselves. Capitalism delivers the goods.
The issue is always the same: the government or the market. There is no third solution.
The causes of all panics, crashes and depressions can be summed up in only four words: the misuse of credit.
It is important to remember that government interference always means either violent action or the threat of such action. Government is in the last resort the employment of armed men, of policemen, gendarmes, soldiers, prison guards, and hangmen. The essential feature of government is the enforcement of its decrees by beating, killing, and imprisoning. Those who are asking for more government interference are asking ultimately for more compulsion and less freedom.
What mankind needs today is liberation from the rule of nonsensical slogans and a return to sound reasoning.
The market is a democracy in which every penny gives a right to vote.
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.
The fact is that, under a capitalistic system, the ultimate bosses are the consumers. The sovereign is not the state, it is the people.
Those who are asking for more government interference are asking ultimately for more compulsion and less freedom.
Government cannot make man richer, but it can make him poorer.
Government spending cannot create additional jobs. If the government provides the funds required by taxing the citizens or by borrowing from the public, it abolishes on the one hand as many jobs as it creates on the other.
Freedom is indivisible. As soon as one starts to restrict it, one enters upon a decline on which it is difficult to stop.
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 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.
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
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.
The final outcome of the credit expansion is general impoverishment.
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!
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.
Historical knowledge is indispensable for those who want to build a better world
Economics is not about things and tangible material objects; it is about men, their meanings and actions.
The criterion of truth is that it works even if nobody is prepared to acknowledge it.
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