It is the rule of law alone which hinders the rulers from turning themselves into the worst gangsters.

My theories explain, but cannot slow the decline of a great civilization. I set out to be a reformer, but only became the historian of decline.

It is merely a metaphor to call competition competitive war, or simply, war. The function of battle is destruction; of competition, construction.

German Marxian's coined the dictum: If socialism is against human nature, then human nature must be changed.

If you give the government the right to determine the consumption of the human body, to determine whether one should smoke or not smoke, drink or not drink, there is no good reply you can give to people who say, More important than the body is the mind and the soul, and man hurts himself much more by reading bad books, by listening to bad music and looking at bad movies. Therefore it is the duty of the government to prevent people from committing those faults. And, as you know, for many hundreds of years governments and authorities velieved that it was their duty.

On the unhampered market there prevails an irresistible tendency to employ every factor of production for the best possible satisfaction of the most urgent needs of the consumers. If the government interfered with this process, it can only impair satisfaction; it can never improve it.

If you increase the quantity of money, you bring about the lowering of the purchasing power of the monetary unit.