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.
The real bosses, in the capitalist system of market economy, are the consumers.
Depressions and mass unemployment are not caused by the free market but by government interference in the economy.
Those who are asking for more government interference are asking ultimately for more compulsion and less freedom.
[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
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.
Capitalism needs neither propaganda nor apostles. Its achievements speak for themselves. Capitalism delivers the goods.
What mankind needs today is liberation from the rule of nonsensical slogans and a return to sound reasoning.
The interventionists do not approach the study of economic matters with scientific disinterestedness. Most of them are driven by an envious resentment against those whose incomes are larger than their own. This bias makes it impossible for them to see things as they really are. For them the main thing is not to improve the conditions of the masses, but to harm the entrepreneurs and capitalists even if this policy victimizes the immense majority of the people.
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.
He who serves the public best, makes the highest profits.
Freedom is indivisible. As soon as one starts to restrict it, one enters upon a decline on which it is difficult to stop.
The truth is that most people lack the intellectual ability and courage to resist a popular movement, however pernicious and ill-considered.
Economic progress is the work of the savers, who accumulate capital, and of the entrepreneurs, who turn capital to new uses.
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 causes of all panics, crashes and depressions can be summed up in only four words: the misuse of credit.
The standard of living of the common man is higher in those countries which have the greatest number of wealthy entrepreneurs.
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.
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.
Inflation is the fiscal complement of statism and arbitrary government. It is a cog in the complex of policies and institutions which gradually lead toward totalitarianism .
Whoever wishes peace among peoples must fight statism.
Under capitalism everybody is the architect of his own fortune.
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