If you increase the quantity of money, you bring about the lowering of the purchasing power of the monetary unit.
The root of the evil is not the construction of new, more dreadful weapons. It is the spirit of conquest.
The criterion of truth is that it works even if nobody is prepared to acknowledge it.
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.
Taxing profits is tantamount to taxing success.
Depression is the aftermath of credit expansion.
The "progressives" who today masquerade as "liberals" may rant against "fascism"; yet it is their policy that paves the way for Hitlerism. Nothing could have been more helpful to the success of the National-Socialist (Nazi) movement than the methods used by the "progressives," denouncing Nazism as a party serving the interests of "capital." The German workers knew this tactic too well to be deceived by it again.
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.
The Welfare State is merely a method for transforming the market economy step by step into socialism.
Capitalism is essentially a system of mass production for the satisfaction of the needs of the masses. It pours a horn of plenty upon the common man. It has raised the average standard of living to a height never dreamed of in earlier ages. It has made accessible to millions of people enjoyments which a few generations ago were only within the reach of a small élite.
Government is an apparatus of compulsion and coercion.
The final outcome of the credit expansion is general impoverishment.
There is no use in deceiving ourselves. American public opinion rejects the market economy, the capitalistic free enterprise system that provided the nation with the highest standard of living ever attained. Full government control of all activities of the individual is virtually the goal of both national parties.
In talking about equality and asking vehemently for its realization, nobody advocates a curtailment of his own present income.
Every extension of the functions and power of the State beyond its primary duty of maintaining peace and justice should be scrutinized with jealous vigilance.
The gold standard makes the money's purchasing power independent of the changing, ambitions and doctrines of political parties and pressure groups. This is not a defect of the gold standard; it is its main excellence.
Government is essentially the negation of liberty.
The most serious dangers for American freedom and the American way of life do not come from without.
The planner is a potential dictator who wants to deprive all other people of the power to plan and act according to their own plans. He aims at one thing only: the exclusive absolute preeminence of his own plan.
Capitalism means free enterprise, sovereignty of the consumers in economic matters, and sovereignty of the voters in political matters. Socialism means full government control of every sphere of the individuals life and the unrestricted supremacy of the government in its capacity as central board of production management.
The fundamental law of the market is: the customer is always right.
If history could teach us anything, it would be that private property is inextricably linked with civilization.
Society is best served when the means of production are in the possession of those who know how to use them best.
Nothing, however, is as ill founded as the assertion of the alleged equality of all members of the human race.
It is certain that many intellectuals envy the higher income of prosperous businessmen and that these feelings drive them toward socialism. They believe that the authorities of a socialist commonwealth would pay them higher salaries than those that they earn under capitalism.
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