Every specific tax, as well as the nation's whole tax system, becomes self-defeating above a certain height of the rates.

To defeat the aggressors is not enough to make peace durable. The main thing is to discard the ideology that generates war.

What generates war is the economic philosophy of nationalism: embargoes, trade and foreign exchange controls, monetary devaluation, etc. The philosophy of protectionism is a philosophy of war.

Those who are asking for more government interference are asking ultimately for more compulsion and less freedom.

Men are fighting one another because they are convinced that the extermination and liquidation of adversaries is the only means of promoting their own well-being.

The only source from which an entrepreneurs profits stem is his ability to anticipate better than other people the future demand of the consumers.

The interventionist policy (big government) provides thousands and thousands of people with safe, placid, and not too strenuous jobs at the expense of the rest of society.