Government is an apparatus of compulsion and coercion.

Credit expansion is the governments' foremost tool in their struggle against the market economy. In their hands it is the magic wand designed to conjure away the scarcity of capital goods, to lower the rate of interest or to abolish it altogether, to finance lavish government spending, to expropriate the capitalists, to contrive everlasting booms, and to make everybody prosperous.

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.

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

He who is unfit to serve his fellow citizens wants to rule them.

[E]conomic history is a long record of government policies that failed because they were designed with a bold disregard for the laws of economics

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