Posterity does not pay off anything of the national debt. Each administration adds to the debt left to it, and the promise of liquidation implied in every bond issue is a false promise.

The corruption of freedom is in proportion to the moral deterioration of the people. For a people who have lost their sense of self-respect have no need for freedom. And the income tax, by transferring the property of earners to the State, has disintegrated the moral fiber of Americans to such a degree that they do not even recognize the fact.

There cannot be a "good" society until there are "good" men.

Economics is not politics. One is a science, concerned with the immutable and constant laws of nature that determine the production and distribution of wealth; the other is the art of ruling.

All wars come to an end, at least temporarily. But the authority acquired by the state hangs on; political power never abdicates.

The institution of taxation rests foursquare on the axiom that somebody must rule somebody else.

Private capitalism makes a steam engine; State capitalism makes pyramids.