Every Socialist Is A Disguised Dictator.

It Is The Worst Of All Superstitions To Assume That The Epistemological Characteristics Of One Branch Of Knowledge Must Necessarily Be Applicable To Any Other Branch.

The Boom Produces Impoverishment. But Still More Disastrous Are Its Moral Ravages. It Makes People Despondent And Dispirited. The More Optimistic They Were Under The Illusory Prosperity Of The Boom, The Greater Is Their Despair And Their Feeling Of Frustration.

State Interference In Economic Life, Which Calls Itself Economic Policy, Has Done Nothing But Destroy Economic Life. Prohibitions And Regulations Have By Their General Obstructive Tendency Fostered The Growth Of The Spirit Of Wastefulness.

No One Should Expect That Any Logical Argument Or Any Experience Could Ever Shake The Almost Religious Fervor Of Those Who Believe In Salvation Through Spending And Credit Expansion.

War Prosperity Is Like The Prosperity That An Earthquake Or A Plague Brings.