The popular notion that an increase in the stock of money is socially and economically beneficial and desirable is one of the great fallacies of our time.

Peace is the natural state of man, war the temporary repeal of reason and virtue.

War cannot be driven out by war, for the use of evil breeds more evil, hostility more hostility, and the use of force more force.

Instead of safeguarding truth and honesty, the state then tends to become a major source of insincerity and mendacity.

A government debt is a government claim against personal income and private property - an unpaid tax bill.

The transfer society is forever testing the bounds of patience of taxpayers. Having reached the limit and still facing loud demands for more benefits, it resorts to deficit financing.

Envy is more irreconcilable than hate. It is the most corroding of all political vices and also a great power in our land. The friends of freedom are content to be envied, but envy not.