Only the naive inflationist's could believe that government could enrich mankind through fiat money.

The worst law is better than bureaucratic tyranny.

What impels every man to the utmost exertion in the service of his fellow man. Is, in the market not compulsion on the part of gendarmes, hangmen and penal courts, it is self interest.

The superiority of the gold standard consists in the fact that the value of gold develops independent of political actions.

The philosophy commonly called individualism is a philosophy of social cooperation and the progressive intensification of the social nexus.

A society that chooses between capitalism and socialism does not choose between two social systems; it chooses between social cooperation and the disintegration of society. Socialism is not an alternative to capitalism; it is an alternative to any system under which men can live as human beings.

Every step by which an individual substitutes concerted action for isolated action results in an immediate and recognizable improvement in his conditions. The advantages derived from peaceful cooperation and division of labor are universal.