47 quotes
Inflation is an increase in the quantity of money without a corresponding increase in the demand for money, i.e., for cash holdings.
The men who are to protect the community against violent aggression easily turn into the most dangerous aggressors. They transgress their mandate.
The Ultimate Foundation of Economic Science (1962)
In a battle between force and an idea, the latter always prevails.
Liberalism (1927)
Repression by brute force is always a confession of the inability to make use of the better weapons of the intellect — better because they alone give promise of final success.
Liberalism (1927)
The criterion of truth is that it works even if nobody is prepared to acknowledge it.
The Ultimate Foundation of Economic Science (1962)
Within a militarist community there is no freedom; there are only obedience and discipline.
Omnipotent Government: The Rise of the Total State and Total War (1944)
The ultimate outcome of the struggle, however, will not be decided by arms, but by ideas.
Liberalism (1927)
Now it cannot be denied that the only way one can offer effective resistance to violent assaults is by violence.
Liberalism (1927)
It is a double-edged makeshift to entrust an individual or a group of individuals with the authority to resort to violence.
The Ultimate Foundation of Economic Science (1962)
War prosperity is like the prosperity that an earthquake or a plague brings.
Nation, State, and Economy (1919)
Public opinion always wants easy money, that is, low interest rates.
A Critique of Interventionism (1929)
The main political problem is how to prevent the police power from becoming tyrannical. This is the meaning of all the struggles for liberty.
The Ultimate Foundation of Economic Science (1962)
The first condition for the establishment of perpetual peace is the general adoption of the principles of laissez-faire capitalism.
The Ultimate Foundation of Economic Science: An Essay on Method (1962)
War no longer pays; there is no motive for aggression.
Omnipotent Government : The Rise of the Total State and Total War (1944)
Society cannot exist without an apparatus of violent coercion. But neither can it exist if the office holders are irresponsible tyrants free to inflict harm upon those they dislike.
Socialism (1922)
If historical experience could teach us anything, it would be that private property is inextricably linked with civilization.
Human Action (1949)
The characteristic feature of militarism is not the fact that a nation has a powerful army or navy. It is the paramount role assigned to the army within the political structure.
Omnipotent Government: The Rise of the Total State and Total War (1944)
Etatism is the occupational disease of rulers, warriors, and civil servants. Governments become liberal only when forced to by the citizens.
All people, however fanatical they may be in their zeal to disparage and to fight capitalism, implicitly pay homage to it by passionately clamoring for the products it turns out.
The Ultimate Foundation of Economic Science: An Essay on Method (1978)
All rational action is economic. All economic activity is rational action. All rational action is in the first place individual action. Only the individual thinks. Only the individual reasons. Only the individual acts.
Socialism (1922)