Once politics become a tug-of-war for shares in the income pie, decent government is impossible.

Competition means decentralized planning by many separate persons.

I do not think it is an exaggeration to say history is largely a history of inflation, usually inflations engineered by governments for the gain of governments.

To combat the depression by a forced credit expansion is to attempt to cure the evil by the very means which brought it about.

Liberty is an opportunity for doing good, but this is only so when it is also an opportunity for doing wrong.

Even the striving for equality by means of a directed economy can result only in an officially enforced inequality - an authoritarian determination of the status of each individual in the new hierarchical order.

The great aim of the struggle for liberty has been equality before the law.