Nothing, however, is as ill founded as the assertion of the alleged equality of all members of the human race.

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

If the practice persists of covering government deficits with the issue of notes, then the day will come without fail, sooner or later, when the monetary systems of those nations pursuing this course will break down completely. The purchasing power of the monetary unit will decline more and more, until finally it disappears completely.

He who only wishes and hopes does not interfere actively with the course of events and with the shaping of his own destiny.

The continued existence of society depends upon private property.

The essential characteristic of Western civilization that distinguishes it from the arrested and petrified civilizations of the East was and is its concern for freedom from the state.

Inflation is essentially antidemocratic.