The final outcome of the credit expansion is general impoverishment.

What economic calculation requires is a monetary system whose functioning is not sabotaged by government interference.

Where there is no market economy, the best intentioned provisions of constitutions and laws remain a dead letter.

Production is not something physical, material, and external; it is a spiritual and intellectual phenomenon.

As society is only possible if everyone, while living his own life, at the same time helps others to live; if every individual is simultaneously means and end; if each individual's well-being is simultaneously the condition necessary to the well-being of others, it is evident that the contrast between I and thou, means and end, automatically is overcome.

The usual terminology of political language is stupid. What is 'left' and what is 'right'? Why should Hitler be 'right' and Stalin, his temporary friend, be 'left'? Who is 'reactionary' and who is 'progressive'? Reaction against an unwise policy is not to be condemned. And progress towards chaos is not to be commended.

Government is an apparatus of compulsion and coercion.