Depression Is The Aftermath Of Credit Expansion.

There Are For Man Only Two Principles Available For A Mental Grasp Of Reality, Namely, Those Of Teleology And Causality. What Cannot Be Brought Under Either Of These Categories Is Absolutely Hidden To The Human Mind. An Event Not Open To An Interpretation By One Of These Two Principles Is For Man Inconceivable And Mysterious. Change Can Be Conceived As The Outcome Either Of The Operation Of Mechanistic Causality Or Of Purposeful Behavior; For The Human Mind There Is No Third Way Available.

Government Means Always Coercion And Compulsion And Is By Necessity The Opposite Of Liberty.

The Market Economy Needs No Apologists And Propagandists. It Can Apply To Itself The Words Of Sir Christopher Wren's Epitaph In St. Paul's: 'if You Seek His Monument, Look Around.'

The Superiority Of The Gold Standard Consists In The Fact That The Value Of Gold Develops Independent Of Political Actions.

In Talking About Equality And Asking Vehemently For Its Realization, Nobody Advocates A Curtailment Of His Own Present Income.