The policies advocated by the welfare school remove the incentive to saving on the part of private citizens.

Experience shows that nothing is operated with less economy and with more waste of labor and material of every kind than public services and undertakings. Private enterprise on the other hand naturally induces the owner to work with the greatest economy in his own interest.

Freedom and liberty always mean freedom from police interference.

Lenin's ideal was to build a nation's production effort according to the model of the post office.

There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.

Government and state can never be perfect because they owe their raison d'être to the imperfection of man and can attain their end, the elimination of man's innate impulse to violence, only by recourse to violence, the very thing they are called upon to prevent.

If some peoples pretend that history or geography gives them the right to subjugate other races, nations, or peoples, there can be no peace.