Austrian-school-of-economics Quotes

It's not an endlessly expanding list of rights — the 'right' to education, the 'right' to health car...

People are not embracing collectivism because they have accepted bad economics. They are accepting b...

Entrepreneurial capitalism takes more people out of poverty than aid.

Money is not an invention of the state. It is not the product of a legislative act. Even the sanctio...

The profit of the one is the profit of the other.

Experience teaches effectually, but brutally. It makes us acquainted with all the effects of an acti...

The law is guilty of the evils it is supposed to punish.

The safest way to make laws respected is to make them respectable.

Monopoly is a market, or part of a market, reserved to the exclusive possession of one or more selle...

Liberty should be understood as freedom from the government, specifically, freedom from the initiati...

War has been the necessary and inevitable consequence of the establishment of a monopoly on security...

Conflict is not unavoidable. However, it is nonsensical to consider the institution of a state as a ...

A government is a compulsory territorial monopolist of ultimate decision-making (jurisdiction) and, ...

There can be no socialism without a state, and as long as there is a state there is socialism. The s...

Experience cannot beat logic, and interpretations of observational evidence which are not in line wi...

The free market punishes irresponsibility. Government rewards it.

Government programs didn’t arise because the people demanded them or because the free market was una...

Laissez faire (in its full true meaning) opens the way to the realization of the noble dreams of soc...

The demoralization that the debase­ment of the currency left in its wake played a major role in brin...

To try to cure unemployment by inflation rather than by adjustment of specific wage-rates is like tr...

The military state is the final form to which every planned economy tends rapidly.

Trade and money, which go together in a stream of energy, inevitably wash away the enclosing walls o...

I was reading in the paper today that Congress wants to replace the dollar bill with a coin. They’ve...

The essential difference between rich societies and poor societies does not stem from any greater ef...

Every socialist is a disguised dictator.

The desire for an increase of wealth can be satisfied through exchange, which is the only method pos...

If any of the socialist chiefs had tried to earn his living by selling hot dogs, he would have learn...

Society has arisen out of the works of peace; the essence of society is peacemaking. Peace and not w...

The worship of the state is the worship of force. There is no more dangerous menace to civilization ...

What ranks above all else for economic and political reconstruction is a radical change of ideologie...

The valuations which result in determination of definite prices are different. Each party attaches a...

There is not the slightest analogy between playing games and the conduct of business within a market...

The welfare of a people lies not in casting other peoples down but in peaceful collaboration.

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

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

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

No people and no part of a people shall be held against its will in a political association that it ...

If any man's money can be taken by a so-called government, without his own personal consent, all his...

No man can rightfully be required to join, or support, an association whose protection he does not d...

The idea that the government has services or goods that they can pass on is a complete farce. Govern...

It must be remembered that a vast majority of mankind’s history has been spent living under the rule...

Government should never be able to do anything you can't do. If you can't steal from your neighbor, ...

Price controls almost invariably produce black markets, where prices are not only higher than the le...

It was Thomas Edison who brought us electricity, not the Sierra Club. It was the Wright brothers who...

Go into the London Stock Exchange – a more respectable place than many a court – and you will see re...