If we can reduce the risk of friction likely to lead to war, this is probably all we can reasonably hope to achieve.

It used to be the boast of free men that, so long as they kept within the bounds of the known law, there was no need to ask anybody's permission or to obey anybody's orders. It is doubtful whether any of us can make this claim today.

Though freedom and wealth are both good things which most of us desire and though we often need both to obtain what we wish, they still remain different. Whether or not I am my own master and can follow my own choice and whether the possibilities from which I must choose are many or few are two entirely different questions. The courtier living in the lap of luxury but at the beck and call of his prince may be much less free than a poor peasant or artisan, less able to live his own life and to choose his own opportunities for usefulness.

Socialism can only be put into practice only by methods which most socialists disapprove.

The system of private property is the most important guaranty of freedom, not only for those who own property, but scarcely less for those who do not.

Our moral traditions developed concurrently with our reason, not as its product.

I have come to feel strongly that the greatest service I can still render to my fellow men would be that I could make the speakers and writers among them thoroughly ashamed ever again to employ the term "social justice.