The masses do not like those who surpass them in any regard. The average man envies and hates those who are different.

Servile labour disappeared because it could not stand the competition of free labour; its un-profitability sealed its doom in the market economy.

War prosperity is like the prosperity that an earthquake or a plague brings.

What is a loophole? If the law does not punish a definite action or does not tax a definite thing, this is not a loophole. It is simply the law.

Modern society, based as it is on the division of labor, can be preserved only under conditions of lasting peace.

True, governments can reduce the rate of interest in the short run. They can issue additional paper money. They can open the way to credit expansion by the banks. They can thus create an artificial boom and the appearance of prosperity. But such a boom is bound to collapse soon or late and to bring about a depression.

All this talk: the state should do this or that, ultimately means: the police should force consumers to behave otherwise than they would behave spontaneously.