Inflation made it possible to divert the fury of the people to 'speculators' and 'profiteers'. Thus it proved itself an excellent psychological resource of the destructive and annihilist war policy.

Naive inflationism demands an increase in the quantity of money without suspecting that this will diminish the purchasing power of the money.

History cannot teach us any general rule, principle, or law. There is no means to abstract from a historical experience a posteriori any theories or theorems concerning human conduct and policies. The

Inflationism is that monetary policy that seeks to increase the quantity of money.

But when States did debase the coinage, it was always from purely fiscal motives. The government needed financial help, that was all; it was not concerned with questions of currency policy.

Catallactics does not ask whether or not the consumers are right, noble, generous, wise, moral, patriotic, or church-going. It is concerned not with why they act, but only with how they act.

It is the consumers who make poor people rich and rich people poor.

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

Logic and reasoning, which might show the absurdity of such dreams of bliss and revenge, are to be thrust aside.

The doctrine of the importance of hoards for stabilizing the objective exchange-value of money has gradually lost its adherents with the passing of time. Nowadays its supporters are few.

Human thoughts about things of which neither pure reasoning nor experience provides any knowledge may differ so radically that no agreement can be reached.

There is joint action, but no joint thinking. There is only tradition which preserves thoughts and communicates them to others as a stimulus to their thinking.

In science, compromise is a betrayal of truth.

No people and no part of a people shall be held against its will in a political association that it does not want.

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

The people of the United States are more prosperous…because their government embarked later than other governments…upon the policy of obstructing business

The worst thing that can happen to a socialist is to have his country ruled by socialists who are not his friends.

It suffices here to say that the planned economy which the advocates of dictatorship wish to set up is precisely as socialistic as the Socialism propagated by the self-styled Social Democrats.