The issue is always the same: the government or the market. There is no third solution.

People do not cooperate under the division of labor because they love or should love one another. They cooperate because this best serves their own interests.

If men do not now succeed in abolishing war, civilization and mankind are doomed.

We do not assert that the capitalist mode of economic calculation guarantees the absolutely best solution of the allocation of factors of production. Such absolutely perfect solutions of any problem are out of reach of mortal men. What the operation of a market not sabotaged by the interference of compulsion and coercion can bring about is merely the best solution accessible to the human mind under the given state of technological knowledge and the intellectual abilities of the age's shrewdest men.

What is needed for a sound expansion of production is additional capital goods, not money or fiduciary media. The credit expansion is built on the sands of banknotes and deposits. It must collapse.

The superiority of the gold standard consists in the fact that the value of gold develops independent of political actions.

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