A higher standard of living also brings about a higher standard of culture and civilization.

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.

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

The worst law is better than bureaucratic tyranny.

In all countries with a settled bureaucracy people used to say: The cabinets come and go, but the bureaus remain.

If one rejects laissez faire on account of mans fallibility and moral weakness, one must for the same reason also reject every kind of government action.

The characteristic mark of this age of dictators, wars and revolutions is its anticapitalistic bias. Most governments and political parties were eager to restrict the sphere of private initiative and free enterprise.