Without a theory the facts are silent.

The freedom that will be used by only one man in a million may be more important to society and more beneficial to the majority than any freedom that we all use.

What a free society offers to the individual is much more than what he would be able to do if only he were free.

Competition is like experimentation in science, a discovery process, and it must rely on the self interest of producers, it must allow them to use their knowledge for their purposes, because nobody else possesses the information

Capitalism is not only a better form of organizing human activity than any deliberate design, any attempt to organize it to satisfy particular preferences, to aim at what people regard as beautiful or pleasant order, but it is also the indispensable condition for just keeping that population alive which exists already in the world. I regard the preservation of what is known as the capitalist system, of the system of free markets and the private ownership of the means of production, as an essential condition of the very survival of mankind.

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

The progress of the natural sciences in modern times has of course so much exceeded all expectations that any suggestion that there may be some limits to it is bound to arouse suspicion.