We must fight all that we dislike in public life. We must substitute better ideas for wrong ideas.

Nobody ever recommended a dictatorship aiming at ends other than those he himself approved. He who advocates dictatorship always advocates the unrestricted rule of his own will

One day, because they realize for some reason or other that they must stop credit expansion, the banks do stop creating new credit to lend. Then the firms that have expanded cannot get credit to pay for the factors of production necessary for the completion of the investment projects which they have already committed themselves. Because they cannot pay their bills, they sell off their inventories cheap. Then comes the panic, the breakdown. And the depression starts.

Aggressors cannot wage total war without introducing Socialism.

Within the market society each serves all his fellow citizens and each is served by them. It is a system of mutual exchange of services and commodities, a mutual giving, and receiving.

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.

Innovators and creative geniuses cannot be reared in schools. They are precisely the men who defy what the school has taught them.