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

Tyranny is the political corollary of socialism, as representative government is the political corollary of the market economy.

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

No matter how efficient school training may be, it would only produce stagnation, orthodoxy, and rigid pedantry if there were no uncommon men pushing forward beyond the wisdom of their tutors.

Keynes did not teach us how to perform the miracle of turning a stone into bread, but the not at all miraculous procedure of eating the seed corn.

He who is unfit to serve his fellow citizens wants to rule them.

The main achievement of economics is that it has provided a theory of peaceful human cooperation. This is why the harbingers of violent conflict have branded it as a dismal science and why this age of wars, civil wars, and destruction has no use for it.