The goal of liberalism is the peaceful cooperation of all men. It aims at peace among nations too. When there is private ownership of the means of production everywhere and when laws, the tribunals and the administration treat foreigners and citizens on equal terms, it is of little importance where a country's frontiers are drawn... War no longer pays; there is no motive for aggression... All nations can coexist peacefully.

The superiority of the gold standard consists in the fact that the value of gold develops independent of political actions.

In the long run the ideas of the majority, however detrimental they may be, will carry on. The future of mankind depends on the ability of the elite to influence public opinion in the right direction.

An essential point in the social philosophy of interventionism is the existence of an inexhaustible fund which can be squeezed forever. The whole system of interventionism collapses when the fountain is drained off: The Santa Clause principle liquidates itself.

Public works are not accomplished by the miraculous power of a magic wand. They are paid for by funds taken away from the citizens.

Freedom and liberty always mean freedom from police interference.

The main political problem is how to prevent the police power from becoming tyrannical. This is the meaning of all the struggles for liberty.