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

The gold standard makes the money's purchasing power independent of the changing, ambitions and doctrines of political parties and pressure groups. This is not a defect of the gold standard; it is its main excellence.

The worst law is better than bureaucratic tyranny.

Socialism is the renunciation of rational economy.

In the bureaucratic machine of socialism the way toward promotion is not achievement but the favor of the superiors.

Every innovation makes its appearance as a 'luxury' of the few well-to-do. After industry has become aware of it, the luxury then becomes a 'necessity' for all.

There would not be any profits but for the eagerness of the public to acquire the merchandise offered for sale by the successful entrepreneur. But the same people who scramble for these articles vilify the businessman and call his profit ill-got.