The causes of all panics, crashes and depressions can be summed up in only four words: the misuse of credit.

Almost all the fathers of socialism were members of the upper middle class or of the professions.

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

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.

No architect is held responsible for the behavior of those who inhabit the structure he designed.

Planning other people's actions means to prevent them from planning for themselves, means to deprive them of their essentially human quality, means enslaving them.

Interventionism cannot be considered as an economic system destined to stay. It is a method for the transformation of capitalism into socialism by a series of successive steps.