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In a country whose currency is not convertible into gold, inflation leads to its continuous devaluation in terms of foreign currencies.

— Michael A. Heilperin

In addition, Friedman and his followers were proponents of the shallowest of all shallow philosophies: ethical and epistemological relativism. There is no such thing as ultimate moral truths and all of our factual, empirical knowledge is at best only hypothetically true. Yet they never doubted that there must be a state, and that the state must be democratic.

— Hans-Hermann Hoppe

Market interventions will inevitably cause more of the problems they are supposed to cure, which leads to more and more controls and regulations until we finally reach full-blown socialism. If the current trend continues, it can safely be predicted that the democratic welfare state of the West will eventually collapse as did the "people's republics" of the East in the late 1980s. For decades, real incomes in the West have stagnated or even fallen. Government debt and the cost of the "social insurance" schemes have brought on the prospect of an economic meltdown. At the same time, social conflict has risen to dangerous heights.

— Hans-Hermann Hoppe

I might have gone to West Point, but I was too proud to speak to a Congressman.

— Will Rogers

None are more hopelessly enslaved than those who falsely believe they are free.

— Johann von Goethe

People seem not to see that their opinion of the world is also a confession of character.

— Ralph Waldo Emerson

We have become accustomed to the idea that a natural system like the human body or an ecosystem regulates itself. To explain the regulation, we look for feedback loops rather than a central planning and directing body. But somehow our intuitions about self-regulation without central direction do not carry over to the artificial systems of human society.

— Herbert Simon

Democracy is the theory that the people know what they want, and deserve to get it good and hard.

— H. L. Mencken

Patriots always talk of dying for their country and never of killing for their country.

— Bertrand Russell

It is not from the benevolence of the butcher, the brewer, or the baker, that we expect our dinner, but from their regard to their own interest. We address ourselves, not to their humanity but to their self-love, and never talk to them of our necessities but of their advantages.

— Adam Smith