Quotes

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Omnipotent Government p. 125

07/14/2014Quotes
From the political point of view it is no doubt dangerous that men are so easily stirred by bombastic talk. But the political actions of modern nationalism cannot be explained or excused by chauvinist intoxication. They are the outcome of cool though misguided reasoning.

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Theory and History p. 195

07/14/2014Quotes
Every action adds something to history, affects the course of future events, and is in this sense a historical fact. The most trivial performance of daily routine by dull people is no less a historical datum than is the most startling innovation of the genius.

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Epistemological Problems of Economics pp. 7172

07/14/2014Quotes
It is merely the routine of scientific procedure that can be taught and presented in textbooks. The power to accomplish feats of scientific achievement can be awakened only in one who already possesses the necessary intellectual gifts and strength of character.

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On the Manipulation of Money and Credit p. 21

07/14/2014Quotes
The valuation of a monetary unit depends not on the wealth of a country, but rather on the relationship between the quantity of, and demand for, money. Thus, even the richest country can have a bad currency and the poorest a good one.

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Bureaucracy pp. 2122

07/14/2014Quotes
The capitalist system of production is an economic democracy in which every penny gives a right to vote. The consumers are the sovereign people. The capitalists, the entrepreneurs, and the farmers are the peoples mandatories.

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Omnipotent Government p. 99

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The initiative for the great colonial projects came not from finance and business but from the governments.

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Human Action p. 737; p. 744

07/14/2014Quotes
All that a tariff can achieve is to divert production from those locations in which the output per unit of input is higher to locations in which it is lower. It does not increase production; it curtails it.

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Socialism p. 169

07/14/2014Quotes
No censor, no emperor, no pope, has ever possessed the power to suppress intellectual freedom which would be possessed by a socialist community.

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The Ultimate Foundation of Economic Science p. 98

07/14/2014Quotes
The men who are to protect the community against violent aggression easily turn into the most dangerous aggressors. They transgress their mandate. They misuse their power for the oppression of those whom they were expected to defend against oppression.

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Austrian Economics: An Anthology p. 58

07/14/2014Quotes
The unpopularity of economics is the result of its analysis of the effects of privileges. It is impossible to invalidate the economists demonstration that all privileges hurt the interests of the rest of the nation or at least a great part of it.

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