Every government intervention [in the marketplace] creates unintended consequences, which lead to calls for further government interventions.

There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.

The worst law is better than bureaucratic tyranny.

All present-day governments are fanatically committed to an easy money policy.

Is still fulfilling its social function in supplying the consumers with more, better and cheaper goods.

Those fighting for free enterprise and free competition do not defend the interests of those rich today. They want a free hand left to unknown men who will be the entrepreneurs of tomorrow.

Thus, the isolated interference with one or a few prices of consumer goods always bring about effects-and this is important to realize-which are even less satisfactory than the conditions that prevailed before.