Only one thing can conquer war-that attitude of mind which can see nothing in war but destruction and annihilation.

There is no such thing as a just and fair method of exercising the tremendous power that interventionism puts into the hands of the legislature and the executive.

The tow pillars of democratic government are the primacy of the law and the budget.

The so-called liberals of today have the very popular idea that freedom of speech, of thought, of the press, freedom of religion, freedom from imprisonment without trial-that all these freedoms can be preserved in the absence of what is called economic freedom. They do not realize that, in a system where there is no market, where the government directs everything, all those other freedoms are illusory, even if they are made into laws and written up in constitutions.

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.

Servile labour disappeared because it could not stand the competition of free labour; its un-profitability sealed its doom in the market economy.

The only source from which an entrepreneurs profits stem is his ability to anticipate better than other people the future demand of the consumers.