What those people who ask for equality have in mind is always an increase in their own power to consume.

Private property creates for the individual a sphere in which he is free of the state. It sets limits to the operation of the authoritarian will.

The system that would stand midway between capitalism and socialism.

Aggressors cannot wage total war without introducing Socialism.

One day, because they realize for some reason or other that they must stop credit expansion, the banks do stop creating new credit to lend. Then the firms that have expanded cannot get credit to pay for the factors of production necessary for the completion of the investment projects which they have already committed themselves. Because they cannot pay their bills, they sell off their inventories cheap. Then comes the panic, the breakdown. And the depression starts.

The main political problem is how to prevent the police power from becoming tyrannical. This is the meaning of all the struggles for liberty.

Business is a means- the only means- to increase the quantity of goods available for preserving life and rendering it more agreeable.