Rapid Increases In The Quantity Of Money

The Problem Of Social Organization Is How To Set Up An Arrangement Under Which Greed Will Do The Least Harm, Capitalism Is That Kind Of A System.

Fundamentally, There Are Only Two Ways Of Coordinating The Economic Activities Of Millions. One Is Central Direction Involving The Use Of Coercion - The Technique Of The Army And Of The Modern Totalitarian State. The Other Is Voluntary Cooperation Of Individuals - The Technique Of The Marketplace.

Business Corporations In General Are Not Defenders Of Free Enterprise. On The Contrary, They Are One Of The Chief Sources Of Danger....every Businessman Is In Favor Of Freedom For Everybody Else, But When It Comes To Himself That's A Different Question. We Have To Have That Tariff To Protect Us Against Competition From Abroad. We Have To Have That Special Provision In The Tax Code. We Have To Have That Subsidy.

There Is No Person, No Theorist So Reckless As He Who Says That The Facts Speak For Themselves.

Most Of The Energy Of Political Work Is Devoted To Correcting The Effects Of Mismanagement Of Government.