What people today call inflation is not inflation, i.e., the increase in the quantity of money and money substitutes, but the general rise in commodity prices and wage rates which is the inevitable consequence of inflation.

Neither the entrepreneurs nor the farmers nor the capitalists determine what has to be produced. The consumers do that.

In capitalist enterprise there is no secure income and no security of wealth.

There cannot be stable money within an environment dominated by ideologies hostile to the preservation of economic freedom.

The capitalist system was termed "capitalism" not by a friend of the system, but by an individual who considered it to be the worst of all historical systems, the greatest evil that had ever befallen mankind. That man was Karl Marx.

Depressions and mass unemployment are not caused by the free market but by government interference in the economy.

...this remedy is the power of the citizens; they have to prevent the establishment of such an autocratic regime that arrogates to itself a higher wisdom than that of the average citizen. This is the fundamental difference between freedom and serfdom.