“The causes of all panics, crashes and depressions can be summed up in only four words: the misuse of credit.”

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.

Planning other people’s actions means to prevent them from planning for themselves, means to deprive them of their essentially human quality, means enslaving them.

The first requisite for a better social order is the return to unrestricted freedom of thought and speech.

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!

The main propoganda trick of supporters of the allegedly “progressive” policy of government control is to blame capitalism for all that is unsatisfactory in present-day conditions and to extol the blessings of socialism. They have never attempted to prove their fallacious dogmas.

The greater the amount of capital invested per head of the worker, the more and better goods can be produced and consumed.

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 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.

To the masses, the catchwords of Socialism sound so enticing… so they will continue to work for Socialism, helping thereby to bring about the inevitable decline of the civilization which the nations of the West have taken thousands of years to build up.