There prevails on a free labor market a tendency toward full employment.

The planner is a potential dictator who wants to deprive all other people of the power to plan and act according to their own plans. He aims at one thing only: the exclusive absolute preeminence of his own plan.

As soon as the economic freedom which the market economy grants to its members is removed, all political liberties and bills of rights become humbug.

There were nowhere more docile disciples of Lenin, Trotsky and Stalin than the Nazis were.

[T]he essence of so-called war prosperity: it enriches some by what it takes from others. It is not rising wealth but a shifting of wealth and income.

Depression is the aftermath of credit expansion.

The situation of having to belong to a state to which one does not wish is no less onerous if it is the result of an election than if one must endure it as the consequence of a military conquest.