“As conditions are today, nothing can be more important to every intelligent man than economics. His own fate and that of his progeny are at stake.”

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.

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 only source from which an entrepreneurs profits stem is his ability to anticipate better than other people the future demand of the consumers.

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.

The riches of successful entrepreneurs is not the cause of anybody’s poverty; it is the consequence of the fact that the consumers are better supplied than they would have been in the absence of the entrepreneur’s efforts.

German Marxian’s coined the dictum: If socialism is against human nature, then human nature must be changed.

In such vital matters blind reliance upon ‘experts’ and uncritical acceptance of popular catchwords and prejudices is tantamount to the abandonment of self-determination and to yielding to other people’s domination.

Government is in the last resort the employment of armed men, of policemen, gendarmes, soldiers, prison guards, and hangmen.

Depressions and mass unemployment are not caused by the free market but by government interference in the economy.

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 struggle for freedom is not the struggle of the many against the few, but of minorities, sometimes of a minority of but one man gainst the majority.

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.

Every government intervention [in the marketplace] creates unintended consequences, which lead to calls for further government interventions.

Innovators and creative geniuses cannot be reared in schools. They are precisely the men who defy what the school has taught them.

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.

Liberty is meaningless if it is only the liberty to agree with those in power.

Advertising is a valuable economic factor because it is the cheapest way of selling goods, particularly if the goods are worthless.

As regards the Liberal doctrines, the attitude of Fascism is one of absolute opposition both in the political and in the economical field.

The cumulative effects of the economic and financial sanctions might well bring the rebellion to an end within a matter of weeks rather than months.

Marriage is an economic arrangement in many ways, let’s face it.

As political and economic freedom diminishes, sexual freedom tends correspondingly to increase. And the dictator will do well to encourage that freedom…it will help to reconcile his subjects to the servitude which is their fate.

And then we need a government that has the discipline to take that additional revenue and use it to pay down the debt and never grow it again.

Democracy can hardly be expected to flourish in societies where political and economic power is being progressively concentrated and centralized. But the progress of technology has led and is still leading to just such a concentration and centralization of power.

I believe one of the main roles of Government is to keep our economy free and fair.