Government planning always involves compulsion.

It is possible to increase paper-money income to any amount by debasing the currency. But real income can only be increased by working harder or more efficiently, saving more, investing more, and producing more.

Practically all government attempts to redistribute wealth and income tend to smother productive incentives and lead toward general impoverishment.

When the government makes loans or subsidies to business, what it does is to tax successful private business in order to support unsuccessful private business.

Diluting the money supply with paper is the moral equivalent of diluting the milk supply with water.

Today is already the tomorrow which the bad economist yesterday urged us to ignore.

When any welfare scheme is being proposed, its political sponsors always dwell on what a generous and compassionate government should pay to Paul; they neglect to mention that this additional money must be seized from Peter.