Historical knowledge is indispensable for those who want to build a better world

Depression is the aftermath of credit expansion.

All varieties of interference with the market phenomena not only fail to achieve the ends aimed at by their authors and supporters, but bring about a state of affairs which - from the point of view of their authors and advocates valuations - is less desirable than the previous state of affairs which they were designed to alter.

Reason is the main resource of man in his struggle for survival.

There is no kind of freedom and liberty other than the kind which the market economy brings about.

Capitalism and socialism are two distinct patterns of social organization. Private control of the means of production and public control are contradictory notions and not merely contrary notions. There is no such thing as a mixed economy, a system that would stand midway between capitalism and socialism.

Innovators and creative geniuses cannot be reared in schools. They are precisely the men who defy what the school has taught them.