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

In a world dependent on international trade and commerce, and staggering under a heavy load of international debt, no policy is more destructive than protectionism. It cuts off markets, eliminates trade, causes unemployment in the export industries all over the world, depresses the prices of export commodities, especially farm products of the United States. It is the crowning folly of government intervention.

Political power intoxicates the best hearts. No man is wise enough, nor good enough, to be trusted with much political power.

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.

The paper standard is self-destructive.

The gold standard, in one form or another, will prevail long after the present rash of national fiats is forgotten or remembered only in currency museums.

Unfortunately, it is not in the power of government to make everyone more prosperous. Government can only raise the income of one person by taking from another.