If one regards inflation as an evil, then one has to stop inflating. One has to balance the budget of the government.

The government and its chiefs do not have the powers of the mythical Santa Claus. They cannot spend except by taking out of the pockets of some people for the benefit of others.

The wealth of the well-to-do of an industrial society is both the cause and effect of the masses' well-being.

What generates war is the economic philosophy of nationalism: embargoes, trade and foreign exchange controls, monetary devaluation, etc. The philosophy of protectionism is a philosophy of war.

If you increase the quantity of money, you bring about the lowering of the purchasing power of the monetary unit.

All almsgiving inevitably tends to pauperize the recipient.

Neither the entrepreneurs nor the farmers nor the capitalists determine what has to be produced. The consumers do that.