All this talk: the state should do this or that, ultimately means: the police should force consumers to behave otherwise than they would behave spontaneously.

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

Anarchism misunderstands the real nature of man. It would be practicable only in a world of angels and saints

They [intellectuals] coined most of the slogans that guided the butcheries of Bolshevism, Fascism, and Nazism. Intellectuals extolling the delights of murder, writers advocating censorship, philosophers judging the merits of thinkers and authors, not according to the value of their contributions but according to their achievements on battlefields, are the spiritual leaders of our age of perpetual strife.

Economic knowledge necessarily leads to liberalism

The causes of all panics, crashes and depressions can be summed up in only four words: the misuse of credit.

History can tell us what happened in the past. But it cannot assert that it must happen again in the future.