Production is not something physical, material, and external; it is a spiritual and intellectual phenomenon.

Inflation is the fiscal complement of statism and arbitrary government. It is a cog in the complex of policies and institutions which gradually lead toward totalitarianism .

Public works are not accomplished by the miraculous power of a magic wand. They are paid for by funds taken away from the citizens.

Innovators and creative geniuses cannot be reared in schools. They are precisely the men who defy what the school has taught them.

The whole of mankind's progress has had to be achieved against the resistance and opposition of the state and its power of coercion.

The attainment of the economic aims of man presupposes peace.

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.