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

Governments, political parties, pressure groups, and the bureaucrats of the educational hierarchy think they can avoid the inevitable consequences of unsuitable measures by boycotting and silencing the independent economists. But truth persists and works, even if nobody is left to utter it.

Socialism is not an alternative to capitalism; it is an alternative to any system under which men can live as human beings.

Despots and democratic majorities are drunk with power.

The recurrence of periods of depression and mass unemployment has discredited capitalism in the opinion of injudicious people. Yet these events are not the outcome of the operation of the free market. They are on the contrary the result of well-intentioned but ill-advised government interference with the market.

Inflation is the true opium of the people and it is administered to them by anticapitalist governments and parties.

The issue is always the same: the government or the market. There is no third solution.