Government is the only institution that can take a valuable commodity like paper, and make it worthless by applying ink.

The entrepreneur profits to the extent he has succeeded in serving the consumers better than other people have done.

War can really cause no economic boom, at least not directly, since an increase in wealth never does result from destruction of goods.

The consumers are asking for, they lose their office. Their task is service to the consumer. Profit and loss are the instruments by means of which the consumers keep a tight rein on all business activities.

The state can be and has often been in the course of history the main source of mischief and disaster.

The philosophy of protectionism is a philosophy of war. The wars of our age are not at variance with popular economic doctrines; they are, on the contrary, the inescapable result of a consistent application of these doctrines.

As society is only possible if everyone, while living his own life, at the same time helps others to live; if every individual is simultaneously means and end; if each individual's well-being is simultaneously the condition necessary to the well-being of others, it is evident that the contrast between I and thou, means and end, automatically is overcome.