War prosperity is like the prosperity that an earthquake or a plague brings.

No very deep knowledge of economics is usually needed for grasping the immediate effects of a measure; but the task of economics is to foretell the remoter effects, and so to allow us to avoid such acts as attempt to remedy a present ill by sowing the seeds of a much greater ill for the future.

Those who satisfy the wants of a smaller number of people only collect fewer votes-dollars-than those who satisfy the wants of more people.

A new type of superstition has got hold of people's minds, the worship of the state. People demand the exercise of the methods of coercion and compulsion, of violence and threat. Woe to anybody who does not bend his knee to the fashionable idols!

Under capitalism everybody provides for their own needs by serving others.

All almsgiving inevitably tends to pauperize the recipient.

The mixing of politics and business not only is detrimental to politics, as is frequently observed, but even much more so to business.