The market economy-capitalism-is a social system of consumers' supremacy.

Historical knowledge is indispensable for those who want to build a better world

In the long run even the most despotic governments with all their brutality and cruelty are no match for ideas. Eventually the ideology that has won the support of the majority will prevail and cut the ground from under the tyrant's feet. Then the oppressed many will rise in rebellion and overthrow their masters.

Under the gold standard gold is money and money is gold. It is immaterial whether or not the laws assign legal tender quality only to gold coins minted by the government.

Many who are self-taught far excel the doctors, masters, and bachelors of the most renowned universities.

The Welfare State is merely a method for transforming the market economy step by step into socialism.

If the practice persists of covering government deficits with the issue of notes, then the day will come without fail, sooner or later, when the monetary systems of those nations pursuing this course will break down completely. The purchasing power of the monetary unit will decline more and more, until finally it disappears completely.