The average American worker enjoys amenities for which Croesus, Crassus, the Medici, and Louis XIV would have envied him.

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

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

He who acts under an emotional impulse also acts. What distinguishes an emotional action from other actions is the valuation of input and output. Emotions disarrange valuations. Inflamed with passion, man sees the goal as more desirable and the price he has to pay for it as less burdensome than he would in cool deliberation.

Socialism is the renunciation of rational economy.

Only the naive inflationist's could believe that government could enrich mankind through fiat money.

The direction of all economic affairs is in the market society a task of the entrepreneurs. Theirs is the control of production. They are at the helm and steer the ship. A superficial observer would believe that they are supreme. But they are not. They are bound to obey unconditionally the captain's orders.