Society has arisen out of the works of peace; the essence of society is peacemaking. Peace and not war is the father of all things.

Government is essentially the negation of liberty.

It is vain to fight totalitarianism by adopting totalitarian methods. Freedom can only be won by men unconditionally committed to the principles of freedom. The first requisite for a better social order is the return to unrestricted freedom of thought and speech.

History can tell us what happened in the past. But it cannot assert that it must happen again in the future.

The capitalist system of production is an economic democracy in which every penny gives a right to vote. The consumers are the sovereign people. The capitalists, the entrepreneurs, and the farmers are the people's mandatories. If they do not obey, if they fail to produce, at the lowest possible cost, what

[E]conomic history is a long record of government policies that failed because they were designed with a bold disregard for the laws of economics

Every extension of the functions and power of the State beyond its primary duty of maintaining peace and justice should be scrutinized with jealous vigilance.