Inflation is the one form of taxation that can be imposed without legislation.

Doing good with other people's money has two basic flaws. In the first place, you never spend anybody else's money as carefully as you spend your own. So a large fraction of that money is inevitably wasted. In the second place, and equally important, you cannot do good with other people's money unless you first get the money away from them. So that force - sending a policeman to take the money from somebody's pocket - is fundamentally at the basis of the philosophy of the welfare state.

Individual price and wage changes will not be prevented. In the main, price changes will simply be concealed by taking the form of changes in discounts, service, and quality, and wage changes, in overtime, perquisites and so on…. But to whatever extent the freeze is enforced, it will do harm by distorting relative prices.

In a bureaucratic system, useless work drives out useful work.

You know there are very few Marxists left in the world... they're all in American universities.

There is not a line in 'The Wealth of Nations' that is not still applicable to this day.

There have been unions based on gold or silver, but not on fiat money - money tempted to inflate - put out by politically independent entities.