The tendency of welfare spending in the United States has been to increase at an exponential rate..

Prolonged inflation never 'stimulates' the economy. On the contrary, it unbalances, disrupts, and misdirects production and employment..

If precious metals had been abundant, they would not have been precious..

In a thousand fields the welfarists, statists, socialists, and interventionists are daily driving for more restrictions on individual liberty..

The envious are not satisfied with equality; they secretly yearn for superiority and revenge. In the French Revolution of 1848, a woman coal-heaver ….

The mounting burden of taxation not only undermines individual incentives to increased work and earnings, but in a score of ways discourages capital ….

Inflation is a form of tax, a tax that we all collectively must pay..

What is put into the hands of B cannot be put into the hands of A..

Once the idea is accepted that money is something whose supply is determined simply by the printing press, it becomes impossible for the politicians ….

The envious are more likely to be mollified by seeing others deprived of some advantage than by gaining it for themselves. It is not what they lack ….

The crying need today is not for more laws, but for fewer. The world must be saved from its saviors. If the friends of liberty and law could have o….

The solution to our problems is not more paternalism, laws, decrees, and controls, but the restoration of liberty and free enterprise, the restoratio….

There are millions receiving government payments who have come to consider them as an earned right, who of course find them inadequate, and who are o….

The larger the percentage of the national income taken by taxes the greater the deterrent to private production and employment. When the total tax bu….

The great merit of gold is precisely that it is scarce; that its quantity is limited by nature; that it is costly to discover, to mine, and to proces….

Yet it ought to be clear that a minimum wage law is, at best, a limited weapon for combatting the evil of low wages, and that the possible good to be….

The essential function of the State is to maintain peace, justice, law, and order, and to protect the individual citizen against aggression, violence….

The State, of course, is absolutely indispensable to the preservation of law and order, and the promotion of peace and social cooperation. What is u….

From a strictly economic point of view, buying gold in a major inflation and holding it probably presents the least risk of capital loss of any inves….

A Day never passes without some ardent reformer or group of reformers suggesting some new government intervention, some new statist scheme to fill so….

The art of economics consists in looking not merely at the immediate but at the longer effects of any act or policy; it consists in tracing the conse….