Quotes

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Economic Policy p. 65

07/14/2014Quotes
The gold standard has one tremendous virtue: the quantity of the money supply, under the gold standard, is independent of the policies of governments and political parties. This is its advantage. It is a form of protection against spendthrift governments.

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The Anti-Capitalistic Mentality pp. 910.

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To the grumbler who complains about the unfairness of the market system only one piece of advice can be given: If you want to acquire wealth, then try to satisfy the public by offering them something that is cheaper or which they like better. Try to supersede Pinkapinka by mixing another beverage...

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Human Action p. 859; p. 863

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In the long run there cannot be any such thing as an unpopular system of government.

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Liberalism p. 87

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The continued existence of society depends upon private property.

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A Critique of Interventionism p. 106

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But for a few dozen individuals all over the globe are cognizant of economics, and no statesman or politician cares about it.

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Human Action p. 559; p. 562

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If the credit expansion is not stopped in time, the boom turns into the crack-up boom; the flight into real values begins, and the whole monetary system founders.

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Omnipotent Government p. 222

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Nazism conquered Germany because it never encountered any adequate intellectual resistance.

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Liberty and Property p. 10

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The market process is a daily repeated plebiscite, and it ejects inevitably from the ranks of profitable people those who do not employ their property according to the orders given by the public.

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On the Manipulation of Money and Credit p. 139

07/14/2014Quotes
The ultimate cause, therefore, of the phenomenon of wave after wave of economic ups and downs is ideological in character. The cycles will not disappear so long as people believe that the rate of interest may be reduced, not through the accumulation of capital, but by banking policy.

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Omnipotent Government p. 241

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Man is born an asocial and antisocial being. The newborn child is a savage. Egoism is his nature. Only the experience of life and the teachings of his parents, his brothers, sisters, playmates, and later of other people force him to acknowledge the advantages of social cooperation and accordingly...

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