The advocates of public control cannot do without inflation. They need it in order to finance their policy of reckless spending and of lavishly subsidizing and bribing the voters.

Depressions and mass unemployment are not caused by the free market but by government interference in the economy.

Liberalism and capitalism address themselves to the cool, well-balanced mind. They proceed by strict logic, eliminating any appeal to the emotions. Socialism, on the contrary, works on the emotions, tries to violate logical considerations by rousing a sense of personal interest and to stifle the voice of reason by awakening primitive instincts.

The mark of the creative mind is that it defies a part of what it has learned.

In the socialist commonwealth every economic change becomes an undertaking whose success can be neither appraised in advance nor later retrospectively determined. There is only groping in the dark. Socialism is the abolition of rational economy.

Every restriction of trade creates vested interests that are from then on opposed to its removal.

What economic calculation requires is a monetary system whose functioning is not sabotaged by government interference.