Innovation is the whim of an elite before it becomes a need of the public.

Suggestion of the Communist Manifesto was 'abolition of all right of inheritance.' Looking backward upon the past history of estate taxes, we have to realize that they more and more have approached the goal set by Marx. Estate taxes of the height they have already attained for the upper brackets are no longer to be qualified as taxes. They are measures of expropriation.

Private property creates for the individual a sphere in which he is free of the state. It sets limits to the operation of the authoritarian will.

The whole of mankind's progress has had to be achieved against the resistance and opposition of the state and its power of coercion.

We must fight all that we dislike in public life. We must substitute better ideas for wrong ideas.

If one rejects laissez faire on account of mans fallibility and moral weakness, one must for the same reason also reject every kind of government action.

Within the market society each serves all his fellow citizens and each is served by them. It is a system of mutual exchange of services and commodities, a mutual giving, and receiving.