Liberty is meaningless if it is only the liberty to agree with those in power.
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.
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.
The most important thing to remember is that inflation is not an act of God, that inflation is not a catastrophe of the elements or a disease that comes like the plague. Inflation is a policy.
The worship of the state is the worship of force. There is no more dangerous menace to civilization than a government of incompetent, corrupt, or vile men. The worst evils which mankind ever had to endure were inflicted by governments.
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 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.
Every socialist is a disguised dictator.
Innovators and creative geniuses cannot be reared in schools. They are precisely the men who defy what the school has taught them.
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.
Government is the only institution that can take a valuable commodity like paper, and make it worthless by applying ink.
Socialism is not in the least what it pretends to be. It is not the pioneer of a better and finer world, but the spoiler of what thousands of years of civilization have created. It does not build, it destroys. For destruction is the essence of it. It produces nothing, it only consumes what the social order based on private ownership in the means of production has created.
The truth is that most people lack the intellectual ability and courage to resist a popular movement, however pernicious and ill-considered.
Depressions and mass unemployment are not caused by the free market but by government interference in the economy.
The struggle for freedom is ultimately not resistance to autocrats or oligarchs but resistance to the despotism of public opinion.
Liberty is always freedom from the government.
He who serves the public best, makes the highest profits.
Economics is not about things and tangible material objects; it is about men, their meanings and actions.
The worst evils which mankind has ever had to endure were inflicted by bad governments.
Government cannot make man richer, but it can make him poorer.
Those who are asking for more government interference are asking ultimately for more compulsion and less freedom.
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.
Freedom really means the freedom to make mistakes.
What mankind needs today is liberation from the rule of nonsensical slogans and a return to sound reasoning.
Historical knowledge is indispensable for those who want to build a better world
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