Inflation is the true opium of the people and it is administered to them by anticapitalist governments and parties.

Taxing profits is tantamount to taxing success.

All attempts to coerce the living will of human beings into the service of something they do not want must fail

Nobody is in a position to decree what should make a fellow man happier.

Government policies try to prevent the emergence of serious unemployment by credit expansion, i.e., inflation. The outcome was rising prices, renewed demands for higher wages and reiterated credit expansion; in short, protracted inflation.

The most successful businessmen were often uneducated when measured by the scholastic standards of the teaching profession. But they were equal to their social function of adjusting production to the most urgent demand. Because of these merits the consumers chose them for business leadership.

My theories explain, but cannot slow the decline of a great civilization. I set out to be a reformer, but only became the historian of decline.