The concept of a 'just' or 'fair' price is devoid of any scientific meaning; it is a disguise for wishes, a striving for a state of affairs different from reality.

The tow pillars of democratic government are the primacy of the law and the budget.

The boom produces impoverishment. But still more disastrous are its moral ravages. It makes people despondent and dispirited. The more optimistic they were under the illusory prosperity of the boom, the greater is their despair and their feeling of frustration.

The truth is that the government cannot give if it does not take from somebody...It is not in the power of the government to make everybody more prosperous.

What economic calculation requires is a monetary system whose functioning is not sabotaged by government interference.

The recurrence of periods of depression and mass unemployment has discredited capitalism in the opinion of injudicious people. Yet these events are not the outcome of the operation of the free market. They are on the contrary the result of well-intentioned but ill-advised government interference with the market.

If you increase the quantity of money, you bring about the lowering of the purchasing power of the monetary unit.