For it is an essential difference between capitalist and socialist production that under capitalism men provide for themselves, while under Socialism they are provided for.

Inflation has always been an important resource of policies of war and revolution and why we also find it in the service of socialism.

The flowering of human society depends on two factors: the intellectual power of outstanding men to conceive sound social and economic theories, and the ability of these or other men to make these ideologies palatable to the majority.

Economics is not about things and tangible material objects; it is about men, their meanings and actions.

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

Government spending cannot create additional jobs. If the government provides the funds required by taxing the citizens or by borrowing from the public, it abolishes on the one hand as many jobs as it creates on the other.

War can really cause no economic boom, at least not directly, since an increase in wealth never does result from destruction of goods.