Inflation is probably the most important single factor in that vicious circle wherein one kind of government action makes more and more government control necessary. For this reason all those who wish to stop the drift toward increasing government control should concentrate their effort on monetary policy.

You can have economic freedom without political freedom, but you cannot have political freedom without economic freedom.

Conservatism is only as good as what it conserves.

Social justice rests on the hate towards those that enjoy a comfortable position, namely, upon envy.

Wherever liberty as we understand it has been destroyed, this has almost always been done in the name of some new freedom promised to the people

There can be little doubt that man owes some of his greatest successes in the past to the fact that he has not been able to control social life. His continued advance may well depend on his deliberately refraining from exercising controls which are now in his power.

The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.