He who acts under an emotional impulse also acts. What distinguishes an emotional action from other actions is the valuation of input and output. Emotions disarrange valuations. Inflamed with passion, man sees the goal as more desirable and the price he has to pay for it as less burdensome than he would in cool deliberation.

Servile labour disappeared because it could not stand the competition of free labour; its un-profitability sealed its doom in the market economy.

Capitalism has improved the standard of living of the wage earners to an unprecedented extent. The average American family enjoys today amenities of which, only a hundred years ago, not even the richest nabobs dreamed.

There prevails on a free labor market a tendency toward full employment.

Our whole civilization rests on the fact that men have always succeeded in beating off the attack of the re-distributors.

A nation, therefore, has no right to say to a province: You belong to me, I want to take you. A province consists of its inhabitants. If anybody has a right to be heard in this case it is these inhabitants. Boundary disputes should be settled by plebiscite.

The wealth of the well-to-do of an industrial society is both the cause and effect of the masses' well-being.