The member of a contractual society is free because he serves others only in serving himself. What restrains him is only the inevitable natural phenomenon of scarcity.

The final outcome of the credit expansion is general impoverishment.

The prerequisite for more economic equality in the world is industrialization. And this is possible only through increased capital investment, increased capital accumulation.

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

Changes in human conditions are brought about by the pioneering of the cleverest and most energetic men. They take the lead and the rest of mankind follows them little by little.

Liberty is always freedom from the government.

Society is joint action and cooperation in which each participant sees the other partner's success as a means for the attainment of his own.