The root of the evil is not the construction of new, more dreadful weapons. It is the spirit of conquest.

Nobody is in a position to decree what should make a fellow man happier.

To the masses, the catchwords of Socialism sound so enticing... so they will continue to work for Socialism, helping thereby to bring about the inevitable decline of the civilization which the nations of the West have taken thousands of years to build up.

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

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

Thoughts and ideas are not phantoms. They are real things. Although intangible and immaterial, they are factors in bringing about changes in the realm of tangible and material things.

History makes one wise, but not competent to solve concrete problems.