Economics is not about things and tangible material objects; it is about men, their meanings and actions.

He who is unfit to serve his fellow citizens wants to rule them.

The state can be and has often been in the course of history the main source of mischief and disaster.

Credit expansion can bring about a temporary boom. But such a fictitious prosperity must end in a general depression of trade, a slump.

Depression is the aftermath of credit expansion.

In many fields of the administration of interventionist measures, favoritism simply cannot be avoided.

Liberalism must be intolerant of every sort of intolerance.