Subjectivism of values

Ludwig von Mises: "There are no such things as absolute values, independent of the subjective preferences of erring men. Judgments of values are the outcome of human arbitrariness. They reflect all the shortcomings and weaknesses of their authors." - Bureaucracy

In praise of the uncommon man

Ludwig von Mises: "Everything that is thought, done and accomplished is a performance of individuals. New ideas and innovations are always an achievement of uncommon men." - Human Action

The right way

"The free man will ask neither what his country can do for him nor what he can do for his country." – Milton Friedman

Great Depression

Henry Morganthau, in May 1939: "We have tried spending money. We are spending more than we have ever spent before and it does not work. And I have just one interest, and if I am wrong ... somebody else can have my job. I want to see this country prosperous. I want to see people get a job. I want to see people get enough to eat. We have never made good on our promises ... I say after eight years of this Administration we have just as much unemployment as when we started ... And an enormous debt to boot!"

Experiment and human action

Ludwig von Mises: "What makes natural science possible is the power to experiment; what makes social science possible is the power to grasp or to comprehend the meaning of human action." - Money, Method, and the Market Process

Source of prosperity

Ludwig von Mises: "It is not labor legislation and labor-union pressure that have shortened hours of work and withdrawn married women and children from the factories; it is capitalism, which has made the wage earner so prosperous that he is able to buy more leisure time for himself and his dependents. The nineteenth centurys labor legislation by and large achieved nothing more than to provide a legal ratification for changes which the interplay of market factors had brought about previously." - Human Action

Source of freedom and truth

"The Austrian School of Economics is economics of freedom, economics for free people, economics of human action, not of government design. It is the only school which accurately predicted the fate of the socialist experiment, which cost over 150 million lives last century. Ludwig von Mises showed with precise and irrefutable logic why socialism could never work."
Yuri Maltsev