The aim of the popularization of economic studies is not to make every man an economist. The idea is to equip the citizen for his civic functions in community life.

What governments call international monetary cooperation is concerted action for the sake of credit expansion.

Under the gold standard gold is money and money is gold. It is immaterial whether or not the laws assign legal tender quality only to gold coins minted by the government.

It is untrue that some are poor because others are rich. If an order of society in which incomes were equal replaced the capitalist order, everyone would become poorer.

Every restriction of trade creates vested interests that are from then on opposed to its removal.

Reason is the main resource of man in his struggle for survival.

The causes of all panics, crashes and depressions can be summed up in only four words: the misuse of credit.