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who are self-taught far excel the doctors, masters, and bachelors of the most renowned universities.

rational action is in the first place individual action. Only the individual thinks. Only the individual reasons. Only the individual acts.

carries a part of society on his shoulders; no one is relieved of his share of responsibility by others. And no one can find a safe way out for himself if society is sweeping toward destruction. Therefore, everyone, in his own interests, must thrust himself vigorously into the intellectual battle. None can stand aside with unconcern; the interest of everyone hangs on the result. Whether he chooses or not, every man is drawn into the great historical struggle, the decisive battle into which our epoch has plunged us.

who is unfit to serve his fellow citizens wants to rule them.

history could teach us anything, it would be that private property is inextricably linked with civilization

Marxians love of democratic institutions was a stratagem only, a pious fraud for the deception of the masses. Within a socialist community there is no room left for freedom.

Every socialist is a disguised dictator.

Once the principle is admitted that it is the duty of the government to protect the individual against his own foolishness, no serious objections can be advanced against further encroachments.

The champions of socialism call themselves progressives, but they recommend a system which is characterized by rigid observance of routine and by a resistance to every kind of improvement. They call themselves liberals, but they are intent upon abolishing liberty. They call themselves democrats, but they yearn for dictatorship. They call themselves revolutionaries, but they want to make the government omnipotent. They promise the blessings of the Garden of Eden, but they plan to transform the world into a gigantic post office. Every man but one a subordinate clerk in a bureau.

The worship of the state is the worship of force. There is no more dangerous menace to civilization than a government of incompetent, corrupt, or vile men. The worst evils which mankind ever had to endure were inflicted by bad governments. The state can be and has often been in the course of history the main source of mischief and disaster.

is an alternative to capitalism as potassium cyanide is an alternative to water.

Under capitalism the common man enjoys amenities which in ages gone by were unknown and therefore inaccessible even to the richest people. But, of course, these motorcars, television sets and refrigerators do not make a man happy. In the instant in which he acquires them, he may feel happier than he did before. But as soon as some of his wishes are satisfied, new wishes spring up. Such is human nature.

who only wishes and hopes does not interfere actively with the course of events and with the shaping of his own destiny.

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masses do not like those who surpass them in any regard. The average man envies and hates those who are different.

alcoholic and the drug addict harm only themselves by their behavior; the person who violates the rules of morality governing mans life in society harms not only himself, but everyone.

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

is indivisible. As soon as one starts to restrict it, one enters upon a decline on which it is difficult to stop.

struggle for freedom is ultimately not resistance to autocrats or oligarchs but resistance to the despotism of public opinion.

ever recommended a dictatorship aiming at ends other than those he himself approved. He who advocates dictatorship always advocates the unrestricted rule of his own will

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.

society that chooses between capitalism and socialism does not choose between two social systems; it chooses between social cooperation and the disintegration of society.

market system is the basis of our civilization. Its only alternative is the F hrer principle.

average man is both better informed and less corruptible in the decisions he makes as a consumer than as a voter at political elections.

what is stupid, nonsensical, erroneous, and evil, [classical] liberalism fights with the weapons of the mind, and not with brute force and repression.

The worst evils which mankind has ever had to endure were inflicted by bad governments.

some peoples pretend that history or geography gives them the right to subjugate other races, nations, or peoples, there can be no peace.

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and not war is the father of all things.

and commercial monopolies owe their origin not to a tendency imminent in a capitalist economy but to governmental interventionist policy directed against free trade and laissez faire.

War… is harmful, not only to the conquered but to the conqueror.

wishes peace among peoples must fight statism.

philosophy of protectionism is a philosophy of war.

considered, war and revolution are always bad business.

wants peace among nations must seek to limit the state and its influence most strictly.

one thing can conquer war – that attitude of mind which can see nothing in war but destruction and annihilation.

men do not now succeed in abolishing war, civilization and mankind are doomed.

main political problem is how to prevent the police power from becoming tyrannical. This is the meaning of all the struggles for liberty.

Government cannot make man richer, but it can make him poorer.

root of the evil is not the construction of new, more dreadful weapons. It is the spirit of conquest.

worship of the state is the worship of force. There is no more dangerous menace to civilization than a government of incompetent, corrupt, or vile men. The worst evils which mankind ever had to endure were inflicted by governments.

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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.

advocates of public control cannot do without inflation. They need it in order to finance their policy of reckless spending and of lavishly subsidizing and bribing the voters.

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