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

It is necessary to curb the power of government. This is the task of all constitutions, bills of rights and laws. This is the meaning of all struggles which men have fought for liberty.

Everything brought forward in favor of Socialism during the last hundred years, in thousands of writings and speeches, all the blood which has been spilt by the supporters of Socialism, cannot make socialism workable.

No increase in the welfare of the member of society can result from the availability of an additional quantity of money.

[E]conomic history is a long record of government policies that failed because they were designed with a bold disregard for the laws of economics

The greater productivity of work under the division of labor is a unifying influence. It leads men to regard each other as comrades in a joint struggle for welfare, rather than as competitors in a struggle for existence. It makes friends out of enemies, peace out of war, society out of individuals.

The distinctive principle of Western social philosophy is individualism.