Human Reason Can Neither Predict Nor Deliberately

What Our Generation Has Forgotten Is That The System Of Private Property Is The Most Important Guarantee Of Freedom, Not Only For Those Who Own Property, But Scarcely Less For Those Who Do Not. It Is Only Because The Control Of The Means Of Production Is Divided Among Many People Acting Independently That Nobody Has Complete Power Over Us, That We As Individuals Can Decide What To Do With Ourselves.

With The Exception Only Of The Period Of The Gold Standard, Practically All Governments Of History Have Used Their Exclusive Power To Issue Money To Defraud And Plunder The People.

To Combat The Depression By A Forced Credit Expansion Is To Attempt To Cure The Evil By The Very Means Which Brought It About.

[the] Impersonal Process Of The Market ... Can Be Neither Just Nor Unjust, Because The Results Are Not Intended Or Foreseen.

If We Wish To Preserve A Free Society, It Is Essential That We Recognize That The Desirability Of A Particular Object Is Not Sufficient Justification For The Use Of Coercion.