The program of liberalism if condensed into a single word, would have to read: property, that is, private ownership of the means of production.

The market economy is the social system of the division of labor under private ownership of the means of production. Everybody acts on his own behalf; but everybodys actions aim at the satisfaction of other peoples needs as well as at the satisfaction of his own. Everybody in acting serves his fellow citizens.

The usual terminology of political language is stupid. What is 'left' and what is 'right'? Why should Hitler be 'right' and Stalin, his temporary friend, be 'left'? Who is 'reactionary' and who is 'progressive'? Reaction against an unwise policy is not to be condemned. And progress towards chaos is not to be commended.

The tow pillars of democratic government are the primacy of the law and the budget.

American authors or scientists are prone to consider the wealthy businessman as a barbarian, as a man exclusively intent upon making money.

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

There is no western, capitalistic country in which the conditions of the masses have not improved in an unprecedented way.