The most important thing to remember is that inflation is not an act of God, that inflation is not a catastrophe of the elements or a disease that comes like the plague. Inflation is a policy.

To assign to everybody his proper place in society is the task of the consumers. Their buying and abstention from buying is instrumental in determining each individual's social position.

The development of capitalism consists in everyone having the right to serve the consumer better or more cheaply.

Whoever wants peace among nations must seek to limit the state and its influence most strictly.

War prosperity is like the prosperity that an earthquake or a plague brings.

The whole of mankind's progress has had to be achieved against the resistance and opposition of the state and its power of coercion.

Perhaps there are somewhere in the infinite universe beings whose minds outrank our minds to the same extent as our minds surpass those of the insects. Perhaps there will once somewhere live beings who will look upon us with the same condescension as we look upon amoebae.