Everything brought forward in favor of Socialism during the last hundred years, in thousands of writings and speeches, all the blood which has been spilt by the supporters of Socialism, cannot make socialism workable.

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.

No increase in the welfare of the member of society can result from the availability of an additional quantity of money.

In public administration there is no connection between revenue and expenditure.

A higher standard of living also brings about a higher standard of culture and civilization.

A wealthy man can preserve his wealth only by continuing to serve the consumers in the most efficient way.

My theories explain, but cannot slow the decline of a great civilization. I set out to be a reformer, but only became the historian of decline.