There were nowhere more docile disciples of Lenin, Trotsky and Stalin than the Nazis were.

Anarchism misunderstands the real nature of man. It would be practicable only in a world of angels and saints

[E]conomic history is a long record of government policies that failed because they were designed with a bold disregard for the laws of economics

Inequality of wealth and incomes is an essential feature of the market economy. It is the implement that makes the consumers supreme in giving them the power to force all those engaged in production to comply with their orders. It forces all those engaged in production to the utmost exertion in the service of the consumers. It makes competition work. He who best serves the consumers profits most and accumulates riches.

In many fields of the administration of interventionist measures, favoritism simply cannot be avoided.

The essential feature of government is the enforcement of its decrees by beating, killing, and imprisoning.

The philosophy of protectionism is a philosophy of war. The wars of our age are not at variance with popular economic doctrines; they are, on the contrary, the inescapable result of a consistent application of these doctrines.