Every step which leads from capitalism toward planning is necessarily a step nearer to absolutism and dictatorship.

It is labor alone that is productive: it creates wealth and therewith lays the outward foundations for the inward flowering of man.

Every type of socialism is unworkable because economic calculation is impossible in a socialist community.

Romanticism is man's revolt against reason, as well as against the condition under which nature has compelled him to live.

In a battle between force and an idea, the latter always prevails.

The elimination of profit, whatever methods may be resorted to for its execution, must transform society into a senseless jumble.

If any of the socialist chiefs had tried to earn his living by selling hot dogs, he would have learned something about the sovereignty of the consumers.

In a capitalist society one can hold on to one’s fortune only if one perpetually acquires it anew by investing it wisely.

If one rejects laissez faire on account of mans fallibility and moral weakness, one must for the same reason also reject every kind of government action.

Anticapitalism can maintain itself in existence only by sponging on capitalism.

Socialism is an alternative to capitalism as potassium cyanide is an alternative to water.

Every socialist is a disguised dictator.

Human action is purposeful behavior.

Credit expansion can bring about a temporary boom. But such a fictitious prosperity must end in a general depression of trade, a slump.

The exchange-value of money is the anticipated use-value of the things that can be obtained with it.

Production is “anarchistic.

The central element in the economic problem of money is the objective exchange-value of money, popularly called its purchasing power.

The individual is today no longer primarily a citizen, but a party member.

What is called “orthodox” economics is in most countries barred from the universities and is virtually unknown to the leading statesmen, politicians, and writers.

Religious wars are the most terrible wars because they are waged without any prospect of conciliation.

Thinking is always thinking of a potential action.

It is common with narrow-minded people to reflect upon every respect in which other people differ from themselves.

Economics is a living thing—and to live implies both imperfection and change.

More dangerous than bayonets and cannon are the weapons of the mind.

It is not the poverty of individuals and the community, not indebtedness to foreign nations, not the unfavourableness of the conditions of production, that force up the rate of exchange, but inflation.

One must rather ask how much could be produced if competition among producers were abolished.

The agents of etatism have certainly not been lacking in zeal and energy. But, for all this, economic affairs cannot be kept going by magistrates and policemen.

The attempt to restrain prices within limits has to be given up. A government that sets out to abolish market prices is inevitably driven towards the abolition of private property.

Only very few men have the gift of thinking new and original ideas and of changing the traditional body of creeds and doctrines.

The function of money is to facilitate the business of the market by acting as a common medium of exchange.

Inflation made it possible to divert the fury of the people to 'speculators' and 'profiteers'. Thus it proved itself an excellent psychological resource of the destructive and annihilist war policy.

Naive inflationism demands an increase in the quantity of money without suspecting that this will diminish the purchasing power of the money.

History cannot teach us any general rule, principle, or law. There is no means to abstract from a historical experience a posteriori any theories or theorems concerning human conduct and policies. The

Inflationism is that monetary policy that seeks to increase the quantity of money.

But when States did debase the coinage, it was always from purely fiscal motives. The government needed financial help, that was all; it was not concerned with questions of currency policy.

Catallactics does not ask whether or not the consumers are right, noble, generous, wise, moral, patriotic, or church-going. It is concerned not with why they act, but only with how they act.

It is the consumers who make poor people rich and rich people poor.

Against what is stupid, nonsensical, erroneous, and evil, liberalism fights with the weapons of the mind, and not with brute force and repression.

Logic and reasoning, which might show the absurdity of such dreams of bliss and revenge, are to be thrust aside.

The doctrine of the importance of hoards for stabilizing the objective exchange-value of money has gradually lost its adherents with the passing of time. Nowadays its supporters are few.

Human thoughts about things of which neither pure reasoning nor experience provides any knowledge may differ so radically that no agreement can be reached.

There is joint action, but no joint thinking. There is only tradition which preserves thoughts and communicates them to others as a stimulus to their thinking.

In science, compromise is a betrayal of truth.

No people and no part of a people shall be held against its will in a political association that it does not want.

The welfare of a people lies not in casting other peoples down but in peaceful collaboration.

The people of the United States are more prosperous…because their government embarked later than other governments…upon the policy of obstructing business

The worst thing that can happen to a socialist is to have his country ruled by socialists who are not his friends.

It suffices here to say that the planned economy which the advocates of dictatorship wish to set up is precisely as socialistic as the Socialism propagated by the self-styled Social Democrats.

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