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

No architect is held responsible for the behavior of those who inhabit the structure he designed.

Within the market society each serves all his fellow citizens and each is served by them. It is a system of mutual exchange of services and commodities, a mutual giving, and receiving.

There is no other planning for freedom and general welfare than to let the market system work.

There can be no freedom in art and literature where the government determines who shall create them.

Every specific tax, as well as the nation's whole tax system, becomes self-defeating above a certain height of the rates.

The market system is the basis of our civilization. Its only alternative is the Führer principle.