The only source of the generation of additional capital goods is saving. If all the goods produced are consumed, no new capital comes into being.

A nation, therefore, has no right to say to a province: You belong to me, I want to take you. A province consists of its inhabitants. If anybody has a right to be heard in this case it is these inhabitants. Boundary disputes should be settled by plebiscite.

In talking about equality and asking vehemently for its realization, nobody advocates a curtailment of his own present income.

It is indeed one of the principal drawbacks of every kind of interventionism that it is so difficult to reverse the process.

All the talk about the so-called unspeakable horror of early capitalism can be refuted by a single statistic: precisely in these years in which British capitalism developed, precisely in the age called the Industrial Revolution in England, in the years from 1760 to 1830, precisely in those years the population of England doubled.

What workers must learn is that the only reason why wage rates are higher in the United States is that the per head quota of capital invested is higher.

They [intellectuals] coined most of the slogans that guided the butcheries of Bolshevism, Fascism, and Nazism. Intellectuals extolling the delights of murder, writers advocating censorship, philosophers judging the merits of thinkers and authors, not according to the value of their contributions but according to their achievements on battlefields, are the spiritual leaders of our age of perpetual strife.