There Is No Remedy For The Inefficiency

The Most Important Thing To Remember Is That Inflation Is Not An Act Of God, That Inflation Is Not A Catastrophe Of The Elements Or A Disease That Comes Like The Plague. Inflation Is A Policy.

The Aim Of All Struggles For Liberty Is To Keep In Bounds The Armed Defenders Of Peace, The Governors And Their Constables. The Political Concept Of The Individual's Freedom Means: Freedom From Arbitrary Action On The Part Of The Police Power.

We Must Fight All That We Dislike In Public Life. We Must Substitute Better Ideas For Wrong Ideas.

If People Do Not Consume Their Whole Incomes, The Non-consumed Surplus Can Be Invested, It Increases The Amount Of Capital Goods Available And Thereby Makes It Possible To Embark Upon Projects Which Could Not Be Executed Before.

The Philosophy Of Protectionism Is A Philosophy Of War. The Wars Of Our Age Are Not At Variance With Popular Economic Doctrines; They Are, On The Contrary, The Inescapable Result Of A Consistent Application Of These Doctrines.