The market economy needs no apologists and propagandists. It can apply to itself the words of Sir Christopher Wren’s epitaph in St. Paul’s: ‘If you seek his monument, look around.’
What mankind needs today is liberation from the rule of nonsensical slogans and a return to sound reasoning.
Society is only possible on these terms, that the individual finds therein a strengthening of his own ego and his own will.
Economically considered, war and revolution are always bad business.
He who only wishes and hopes does not interfere actively with the course of events and with the shaping of his own destiny.
Without speculation there can be no economic activity reaching beyond the immediate present.
Nothing is more calculated to make a demagogue popular than a constantly reiterated demand for heavy taxes on the rich. Capital levies and high income taxes on the larger incomes are extraordinarily popular with the masses, who do not have to pay them.
The illusiveness of this concept of national income is to be seen in its dependence on changes in the purchasing power of the monetary unit. The more inflation progresses, the higher rises the national income.
The market economy as such does not respect political frontiers. Its field is the world.
Is still fulfilling its social function in supplying the consumers with more, better and cheaper goods.
Fascism was an emergency makeshift. To view it as something more would be a fatal error.
The aim of the popularization of economic studies is not to make every man an economist. The idea is to equip the citizen for his civic functions in community life.
The development of capitalism consists in everyone having the right to serve the consumer better or more cheaply.
The system that would stand midway between capitalism and socialism.
Inflation is the fiscal complement of statism and arbitrary government. It is a cog in the complex of policies and institutions which gradually lead toward totalitarianism .
Society is joint action and cooperation in which each participant sees the other partner’s success as a means for the attainment of his own.
The consumers are asking for, they lose their office. Their task is service to the consumer. Profit and loss are the instruments by means of which the consumers keep a tight rein on all business activities.
It is the rule of law alone which hinders the rulers from turning themselves into the worst gangsters.
History can tell us what happened in the past. But it cannot assert that it must happen again in the future.
How pale is the art of sorcerers, witches, and conjurors when compared with that of the government’s Treasury Department!