When we call a capitalist society a consumers democracy we mean that the power to dispose of the means of production, which belongs to the entrepreneurs and capitalists, can only be acquired by means of the consumers ballot, held daily in the marketplace.

All people, entrepreneurs as well as non-entrepreneurs, look askance upon any profits earned by other people. Envy is a common weakness of men. People are loath to acknowledge the fact that they themselves could have earned profits if they had displayed the same foresight and judgment the successful businessman did.

War can really cause no economic boom, at least not directly, since an increase in wealth never does result from destruction of goods.

There is no other planning for freedom and general welfare than to let the market system work.

The member of a contractual society is free because he serves others only in serving himself. What restrains him is only the inevitable natural phenomenon of scarcity.

War...is harmful, not only to the conquered but to the conqueror.

Whoever wants peace among nations must seek to limit the state and its influence most strictly.