Democracy is not a good that people can enjoy without trouble. It is, on the contrary, a treasure that must be daily defended and conquered anew by strenuous effort.

Welfare policies never attain those - allegedly beneficial - ends which the government and the self-styled progressives who advocated them wanted to attain, but - on the contrary - bring about a state of affairs which - from the very point of view of the government and its supporters - is even more unsatisfactory than the previous state of affairs they wanted to 'improve.'

Capitalism gave the world what it needed, a higher standard of living for a steadily increasing number of people.

In many fields of the administration of interventionist measures, favoritism simply cannot be avoided.

As the prosperity of the nation and the height of wage rates depend on a continual increase in the capital invested in its plants, mines and farms, it is one of the foremost tasks of good government to remove all obstacles that hinder the accumulation and investment of new capital.

Inflation is essentially antidemocratic.

Nothing, however, is as ill founded as the assertion of the alleged equality of all members of the human race.