The mixing of politics and business not only is detrimental to politics, as is frequently observed, but even much more so to business.

Each epoch has found in the Gospels what it sought to find there, and has overlooked what it wished to overlook.

Suggestion of the Communist Manifesto was 'abolition of all right of inheritance.' Looking backward upon the past history of estate taxes, we have to realize that they more and more have approached the goal set by Marx. Estate taxes of the height they have already attained for the upper brackets are no longer to be qualified as taxes. They are measures of expropriation.

It is the rule of law alone which hinders the rulers from turning themselves into the worst gangsters.

Whoever wants peace among nations must seek to limit the state and its influence most strictly.

There is simply no other choice than this: either to abstain from interference in the free play of the market, or to delegate the entire management of production and distribution to the government. Either capitalism or socialism: there exists no middle way.

Two hundred years ago, before the advent of capitalism, a man's social status was fixed from the beginning to the end of his life; he inherited it from his ancestors and it never changed.