Government spending cannot create additional jobs. If the government provides the funds required by taxing the citizens or by borrowing from the public, it abolishes on the one hand as many jobs as it creates on the other.

Whoever prefers life to death, happiness to suffering, well-being to misery must defend without compromise private ownership in the means of production.

Keynes did not teach us how to perform the miracle of turning a stone into bread, but the not at all miraculous procedure of eating the seed corn.

History can tell us what happened in the past. But it cannot assert that it must happen again in the future.

Socialism is not an alternative to capitalism; it is an alternative to any system under which men can live as human beings.

Mankind does not drink alcohol because there are breweries, distilleries, and vineyards; men brew beer, distill spirits, and grow grapes because of the demand for alcoholic drinks.

Economic theory has demonstrated in an irrefutable way that a prosperity created by an expansionist monetary and credit policy is illusory and must end in a slump, an economic crisis.