Quotes of All Topics . Occasions . Authors
In spite of the anticapitalistic policies of all governments and of almost all political parties, the capitalist mode of production
It is labor alone that is productive: it creates wealth and therewith lays the outward foundations for the inward flowering of man.
Human civilization is not something achieved against nature; it is rather the outcome of the working of the innate qualities of man.
The word "Capitalism" expresses, for our age, the sum of all evil. Even the opponents of Socialism are dominated by socialist ideas.
Inflation is an increase in the quantity of money without a corresponding increase in the demand for money, i.e., for cash holdings.
The whole of mankind's progress has had to be achieved against the resistance and opposition of the state and its power of coercion.
No private enterprise will ever fall prey to bureaucratic methods of management if it is operated with the sole aim of making profit.
Business is a means- the only means- to increase the quantity of goods available for preserving life and rendering it more agreeable.
War can really cause no economic boom, at least not directly, since an increase in wealth never does result from destruction of goods.
The mixing of politics and business not only is detrimental to politics, as is frequently observed, but even much more so to business.
The policy of letting the free market determine the height of wage rates is the only reasonable and successful full-employment policy.
Inflation has always been an important resource of policies of war and revolution and why we also find it in the service of socialism.
Credit expansion can bring about a temporary boom. But such a fictitious prosperity must end in a general depression of trade, a slump.
The middle-of-the-road policy is not an economic system that can last. It is a method for the realization of socialism by installments.
The fact is that, under a capitalistic system, the ultimate bosses are the consumers. The sovereign is not the state, it is the people.
Men are fighting... because they are convinced that the extermination of adversaries is the only means of promoting their own well-being.
A citizen who casts his ballot without having to the best of his abilities studied as much economics as he can fails in his civic duties.
Every collectivist assumes a different source for the collective will, according to his own political, religious and national convictions.
If it is unnecessary to adjust the amount of expenditure to the means available, there is no limit to the spending of the great god State.
Under capitalism the common man enjoys amenities which in ages gone by were unknown and therefore inaccessible even to the richest people.
The philosophy commonly called individualism is a philosophy of social cooperation and the progressive intensification of the social nexus.
Those who satisfy the wants of a smaller number of people only collect fewer votes-dollars-than those who satisfy the wants of more people.
American authors or scientists are prone to consider the wealthy businessman as a barbarian, as a man exclusively intent upon making money.
The class of those who have the ability to think their own thoughts is separated by an unbridgeable gulf from the class of those who cannot.
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.
Wars of aggression are popular nowadays with those nations convinced that only victory and conquest could improve their material well-being.
The truth is that most people lack the intellectual ability and courage to resist a popular movement, however pernicious and ill-considered.
If some peoples pretend that history or geography gives them the right to subjugate other races, nations, or peoples, there can be no peace.
Every government intervention [in the marketplace] creates unintended consequences, which lead to calls for further government interventions.
The main political problem is how to prevent the police power from becoming tyrannical. This is the meaning of all the struggles for liberty.
All rational action is in the first place individual action. Only the individual thinks. Only the individual reasons. Only the individual acts.
My theories explain, but cannot slow the decline of a great civilization. I set out to be a reformer, but only became the historian of decline.
The program of liberalism if condensed into a single word, would have to read: property, that is, private ownership of the means of production.
What is a loophole? If the law does not punish a definite action or does not tax a definite thing, this is not a loophole. It is simply the law.
If, as is generally the case, the heirs are not equal to the demands which life makes on an entrepreneur, the inherited wealth rapidly vanishes.
Daily experience proves clearly to everybody but the most bigoted fanatics of socialism that governmental management is inefficient and wasteful.
It is merely a metaphor to call competition competitive war, or simply, war. The function of battle is destruction; of competition, construction.
The only source of the generation of additional capital goods is saving. If all the goods produced are consumed, no new capital comes into being.
Private property creates for the individual a sphere in which he is free of the state. It sets limits to the operation of the authoritarian will.
Servile labour disappeared because it could not stand the competition of free labour; its un-profitability sealed its doom in the market economy.
[E]conomic history is a long record of government policies that failed because they were designed with a bold disregard for the laws of economics
Keynes did not teach us how to perform the miracle of turning a stone into bread, but the not at all miraculous procedure of eating the seed corn.
The only source from which an entrepreneurs profits stem is his ability to anticipate better than other people the future demand of the consumers.
All those evils which the [liberals] interpret as evidence of the failure of capitalism, are the necessary outcome of interference with the market.
Progressive taxation of income and profits means that precisely those parts of the income which people would have saved and invested are taxed away
The study of economics has been again and again led astray by the vain idea that economics must proceed according to the pattern of other sciences.
The comparatively greater prosperity of the United States is an outcome of the fact that the New Deal did not come in 1900 or 1910, but only in 1933.
As soon as the economic freedom which the market economy grants to its members is removed, all political liberties and bills of rights become humbug.
Economic control is not merely control of a sector of human life that can be separated from the rest; it is the control of the means for all our ends.
Seen from the point of view of the particular group interests of the bureaucrats, every measure that makes the government's payroll swell is progress.