If you increase the quantity of money, you bring about the lowering of the purchasing power of the monetary unit.

There would not be any profits but for the eagerness of the public to acquire the merchandise offered for sale by the successful entrepreneur. But the same people who scramble for these articles vilify the businessman and call his profit ill-got.

History does not provide any example of capital accumulation brought about by a government. As far as governments invested in the construction of roads, railroads, and other useful public works, the capital needed was provided by the savings of individual citizens and borrowed by the government.

Government is an apparatus of compulsion and coercion.

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

The characteristic feature of capitalism that distinguishes it from pre-capitalist methods of production was its new principle of marketing. Capitalism is not simply mass production, but mass production to satisfy the needs of the masses.

Liberty is meaningless if it is only the liberty to agree with those in power.