Modern society, based as it is on the division of labor, can be preserved only under conditions of lasting peace.

Democracy is not a good that people can enjoy without trouble. It is, on the contrary, a treasure that must be daily defended and conquered anew by strenuous effort.

It is true that some secluded intellectuals in their esoteric circles talk differently. They proclaim the priority of what they call eternal absolute values and feign in their declamations—not in their personal conduct—a disdain of things secular and transitory. But the public ignores such utterances. The main goal of present-day political action is to secure for the respective pressure group memberships the highest material well-being. The only way for a leader to succeed is to instill in people the conviction that his program best serves the attainment of this goal.

The issue is always the same: the government or the market. There is no third solution.

The attainment of the economic aims of man presupposes peace.

Sovereignty must not be used for inflicting harm on anyone, whether citizen or foreigner.

Depression is the aftermath of credit expansion.