The Pseudo-liberals monopolize the teaching jobs at many universities. Only men who agree with them are appointed as teachers and instructors of the social sciences, and only textbooks supporting their ideas are used.

The truth is that the government cannot give if it does not take from somebody...It is not in the power of the government to make everybody more prosperous.

The philosophy commonly called individualism is a philosophy of social cooperation and the progressive intensification of the social nexus.

True, governments can reduce the rate of interest in the short run. They can issue additional paper money. They can open the way to credit expansion by the banks. They can thus create an artificial boom and the appearance of prosperity. But such a boom is bound to collapse soon or late and to bring about a depression.

Whoever wishes peace among peoples must fight statism.

Laissez faire does not mean: let soulless mechanical forces operate. It means: let individuals choose how they want to cooperate in the social division of labor and let them determine what the entrepreneurs should produce.

The main political problem is how to prevent the police power from becoming tyrannical. This is the meaning of all the struggles for liberty.