The worst law is better than bureaucratic tyranny.

The comparatively greater prosperity of the United States is an outcome of the fact that the New Deal did not come in 1900 or 1910, but only in 1933.

If it is unnecessary to adjust the amount of expenditure to the means available, there is no limit to the spending of the great god State.

Business is a means- the only means- to increase the quantity of goods available for preserving life and rendering it more agreeable.

If you increase the quantity of money, you bring about the lowering of the purchasing power of the monetary unit.

Nothing is more calculated to make a demagogue popular than a constantly reiterated demand for heavy taxes on the rich. Capital levies and high income taxes on the larger incomes are extraordinarily popular with the masses, who do not have to pay them.

War prosperity is like the prosperity that an earthquake or a plague brings.