The state can be and has often been in the course of history the main source of mischief and disaster.

We owe the origin and development of human society and, consequently, of culture and civilization, to the fact that work performed under the division of labor is more productive than when performed in isolation.

One has to recognize that science is not metaphysics, and certainly not mysticism; it can never bring us the illumination and the satisfaction experienced by one enraptured in ecstasy. Science is sobriety and clarity of conception, not intoxicated vision.

The causes of all panics, crashes and depressions can be summed up in only four words: the misuse of credit.

How pale is the art of sorcerers, witches, and conjurors when compared with that of the government's Treasury Department!

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

War is harmful, not only to the conquered but to the conqueror. Society has arisen out of the works of peace; the essence of society is peacemaking. Peace and not war is the father of all things. Only economic action has created the wealth around us; labor, not the profession of arms, brings happiness. Peace builds, war destroys.