Instead of safeguarding truth and honesty, the state then tends to become a major source of insincerity and mendacity.

In a world dependent on international trade and commerce, and staggering under a heavy load of international debt, no policy is more destructive than protectionism. It cuts off markets, eliminates trade, causes unemployment in the export industries all over the world, depresses the prices of export commodities, especially farm products of the United States. It is the crowning folly of government intervention.

There is no escape from the vast imbalances in international trade and finance. They will be corrected, sooner or later, by the inexorable principles that govern human action.

Inflationism is a dreadful cancer that is gnawing at the backbone of the civilized order.

An ounce of gold is an ounce of gold, whether it consists of guineas, sovereigns or eagles.

Centers of unionism are also the centers of unemployment.

When all the mysticism is stripped away, the people who comprise the government (the legislators, administrators, judges, and policemen), are guided by human interests, desires, beliefs, notions, and prejudices, just like other people. They have neither superhuman wisdom nor extraordinary virtue.