“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 real bosses in the capitalist system of market economy are the consumers. They by their buying and by their abstention from buying decide who should own the capital and run the plants. They determine what should be produced and in what quantity and quality.

State interference in economic life, which calls itself economic policy, has done nothing but destroy economic life. Prohibitions and regulations have by their general obstructive tendency fostered the growth of the spirit of wastefulness.

True, governments can reduce the rate of interest in the short run. They can issue additional paper money.

Whoever prefers life to death, happiness to suffering, well-being to misery must defend without compromise private ownership in the means of production.

It is vain to fight totalitarianism by adopting totalitarian methods. Freedom can only be won by men unconditionally committed to the principles of freedom.

He who serves the public best, makes the highest profits.

Know that every breath is a miracle and every moment a blessing and you will achieve your dreams.

The liars must be afraid of the truth and are therefore driven to suppress its pronouncement.

The mark of the creative mind is that it defies a part of what it has learned.

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.

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.

What the advocates of these tax rates fail to realize is that the greater part of the incomes taxed away would not have been consumed but saved and invested.

The final outcome of the credit expansion is general impoverishment.

Unemployment doles can have no other effect than the perpetuation of unemployment.

Tyranny is the political corollary of socialism, as representative government is the political corollary of the market economy.

Taxing profits is tantamount to taxing success.

In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value.

But most models of inflation do lead to a multiverse.

And evidence for inflation will be pushing us in the direction of taking [the idea of a] multiverse seriously.

In the absence of the gold standard, there is no way to protect savings from confiscation through inflation.

Clearly, sustained low inflation implies less uncertainty about the future, and lower risk premiums imply higher prices of stocks and other earning assets.

We can see that in the inverse relationship exhibited by price/earnings ratios and the rate of inflation in the past.

Inflation is not all bad. After all, it has allowed every American to live in a more expensive neighborhood without moving.

Things like unemployment, which the youth are suffering from, and the rate of inflation – these are chronic conditions and we have to solve them.