Value is not intrinsic, it is not in things. It is within us; it is the way in which man reacts to the conditions of his environment. Neither is value in words and doctrines, it is reflected in human conduct. It is not what a man or groups of men say about value that counts, but how they act.

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

As society is only possible if everyone, while living his own life, at the same time helps others to live; if every individual is simultaneously means and end; if each individual's well-being is simultaneously the condition necessary to the well-being of others, it is evident that the contrast between I and thou, means and end, automatically is overcome.

Many who are self-taught far excel the doctors, masters, and bachelors of the most renowned universities.

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

Economic control is not merely control of a sector of human life that can be separated from the rest; it is the control of the means for all our ends.

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.