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

We have but to remember man's natural tendency to satisfy his desires with the minimum of effort to realize how political power will be utilized.

The only beneficiaries of income taxation are the politicians, for it not only gives them the means by which they can increase their emoluments, but it also enables them to improve their importance. The have-nots who support the politicians in the demand for income taxation do so only because they hate the haves; . . . the sum of all the arguments for income taxation comes to political ambition and the sin of covetousness.

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

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.

Perhaps the removal of trade restrictions throughout the world would do more for the cause of universal peace than can any political union of peoples separated by trade barriers.

Popular suffrage is in itself no guarantee of freedom. People can vote themselves into slavery.