What governments call international monetary cooperation is concerted action for the sake of credit expansion.

Progress of any kind is always at variance with the old and established ideas and therefore with the codes inspired by them. Every step of progress is a change involving heavy risks.

Every step by which an individual substitutes concerted action for isolated action results in an immediate and recognizable improvement in his conditions. The advantages derived from peaceful cooperation and division of labor are universal.

The characteristic feature of a free society is that it can function in spite of the fact that its members disagree in many judgments of value. Freedom really means the freedom to make mistakes.

The criterion of truth is that it works even if nobody is prepared to acknowledge it.

He who serves the public best, makes the highest profits.

The only source of the generation of additional capital goods is saving. If all the goods produced are consumed, no new capital comes into being.