Governments, political parties, pressure groups, and the bureaucrats of the educational hierarchy think they can avoid the inevitable consequences of unsuitable measures by boycotting and silencing the independent economists. But truth persists and works, even if nobody is left to utter it.

Thoughts and ideas are not phantoms. They are real things. Although intangible and immaterial, they are factors in bringing about changes in the realm of tangible and material things.

The masses, in their capacity as consumers, ultimately determine everybody's revenues and wealth.

Liberty is meaningless if it is only the liberty to agree with those in power.

The alcoholic and the drug addict harm only themselves by their behavior; the person who violates the rules of morality governing mans life in society harms not only himself, but everyone.

Capitalism gave the world what it needed, a higher standard of living for a steadily increasing number of people.

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