Manufacturing and commercial monopolies owe their origin not to a tendency imminent in a capitalist economy but to governmental interventionist policy directed against free trade and laissez faire.

Historical knowledge is indispensable for those who want to build a better world

What makes small business develop into big business is not spending, but saving and capital accumulation.

The market economy is the social system of the division of labor under private ownership of the means of production. Everybody acts on his own behalf; but everybodys actions aim at the satisfaction of other peoples needs as well as at the satisfaction of his own. Everybody in acting serves his fellow citizens.

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.

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

There cannot be stable money within an environment dominated by ideologies hostile to the preservation of economic freedom.