Freedom can be preserved only if it is treated as a supreme principle which must not be sacrificed for particular advantages.

It is because freedom means the renunciation of direct control of individual efforts that a free society can make use of so much more knowledge than the mind of the wisest ruler could comprehend.

The idea of social justice is that the state should treat different people unequally in order to make them equal.

Fascism is the stage reached after communism has proved an illusion.

To combat depression by a forced credit expansion is to attempt to cure the evil by the very means which brought it about; because we are suffering from a misdirection of production, we want to create further misdirection -- a procedure which can only lead to a much more severe crisis as soon as the credit expansion comes to an end.

We have indeed at the moment little cause for pride: as a profession we have made a mess of things.

Money is one of the greatest instruments of freedom ever invented by man. It is money which in existing society opens an astounding range of choice to the poor man, a range greater than that which not many generations ago was open to the wealthy