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

Laissez faire does not mean: let soulless mechanical forces operate. It means: let individuals choose how they want to cooperate in the social division of labor and let them determine what the entrepreneurs should produce.

There would not be any profits but for the eagerness of the public to acquire the merchandise offered for sale by the successful entrepreneur. But the same people who scramble for these articles vilify the businessman and call his profit ill-got.

Only the naive inflationist's could believe that government could enrich mankind through fiat money.

Human civilization is not something achieved against nature; it is rather the outcome of the working of the innate qualities of man.

It is not conclusive proof of a doctrine's correctness that its adversaries use the police, the hangman, and violent mobs to fight it. But it is a proof of the fact that those taking recourse to violent oppression are in their subconscious convinced of the untenability of their own doctrines.

The first socialists were the intellectuals; they, and not the masses, are the backbone of Socialism.