Neither the entrepreneurs nor the farmers nor the capitalists determine what has to be produced. The consumers do that.

In life everything is continually in flux.

We must fight all that we dislike in public life. We must substitute better ideas for wrong ideas.

What mankind needs today is liberation from the rule of nonsensical slogans and a return to sound reasoning.

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.

Liberalism must be intolerant of every sort of intolerance.

[T]he essence of so-called war prosperity: it enriches some by what it takes from others. It is not rising wealth but a shifting of wealth and income.