Democracy and socialism have nothing in common but one word, equality. But notice the difference: while democracy seeks equality in liberty, socialism seeks equality in restraint and servitude.

I am deeply convinced that any permanent, regular administrative system whose aim is to provide for the needs of the poor will breed more miseries than it can cure, will deprave the population that it wants to help and comfort, will dry up the sources of savings, will stop the accumulation of capital, will retard the development of trade, and will benumb human industry.

What is not yet done is only what we have not yet attempted to do.

There are at the present time two great nations in the world--the Russians and the Americans. The American relies upon his personal interest to accomplish his ends and gives free scope to the unguided exertions and common sense of the people. The Russian centers all his authority of society in a single arm. The principal instrument of the former is freedom; of the latter, servitude. Their starting point is different and their courses are not the same; yet each of them seems marked by the will of Heaven to sway the destinies of half the globe.

There is one universal law that has been formed, or at least adoptedby the majority of mankind. That law is justice. Justice forms the cornerstone of each nation's law.

A man who raises himself by degrees to wealth and power, contracts, in the course of this protracted labor, habits of prudence and restraint which he cannot afterwards shake off. A man cannot gradually enlarge his mind as he does his house.

I should have loved freedom, I believe, at all times, but in the time in which we live I am ready to worship it.