There Is No Kind Of

If The Practice Persists Of Covering Government Deficits With The Issue Of Notes, Then The Day Will Come Without Fail, Sooner Or Later, When The Monetary Systems Of Those Nations Pursuing This Course Will Break Down Completely. The Purchasing Power Of The Monetary Unit Will Decline More And More, Until Finally It Disappears Completely.

Business Is A Means- The Only Means- To Increase The Quantity Of Goods Available For Preserving Life And Rendering It More Agreeable.

Without Speculation There Can Be No Economic Activity Reaching Beyond The Immediate Present.

The Methods Of The Natural Sciences Cannot Be Applied To Human Behavior Because This Behaviorlacks The Peculiarity That Characterizes Events In The Field Of The Natural Sciences, Viz., Regularity.

In Reality No Food Is Valued Solely For Its Nutritive Power And No Garment Or House Solely For The Protection It Affords Against Cold Weather And Rain.... The Demand For Goods Is Widely Influenced By Metaphysical, Religious, And Ethical Considerations, By Aesthetic Value Judgments, By Customs, Habits, Prejudice, Tradition, Changing Fashions, And Many Other Things.