Only stilted pedants can conceive the idea that there are absolute norms to tell what is beautiful and what is not. They try to derive from the works of the past a code of rules with which, as they fancy, the writers and artists of the future should comply. But the genius does not cooperate with the pundit.

A higher standard of living also brings about a higher standard of culture and civilization.

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

Economic theory has demonstrated in an irrefutable way that a prosperity created by an expansionist monetary and credit policy is illusory and must end in a slump, an economic crisis.

Peace and not war is the father of all things.

To assign to everybody his proper place in society is the task of the consumers. Their buying and abstention from buying is instrumental in determining each individual's social position.

Progressive taxation of income and profits means that precisely those parts of the income which people would have saved and invested are taxed away