The boom is called good business, prosperity, and upswing. Its unavoidable aftermath, the readjustment of conditions to the real data of the market, is called crisis, slump, bad business, depression.

Socialism and interventionism. Both have in common the goal of subordinating the individual unconditionally to the state.

Free markets. What does this system mean? The answer is simple: it is the market economy, it is the system in which the cooperation of individuals in the social division of labor is achieved by the market.

Liberty is meaningless if it is only the liberty to agree with those in power.

It is extremely difficult for our contemporaries to conceive of the conditions of free banking because they take government interference with banking for granted and as necessary.

A genius is always a teacher, never a pupil; he is always self-made.

Every socialist is a disguised dictator.