Capital does not 'beget profit' as Marx thought. The capital goods as such are dead things that in themselves do not accomplish anything. If they are utilized according to a good idea, profit results. If they are utilized according to a mistaken idea, no profit or losses result. It is the entrepreneurial decision that creates either profit or loss.

Whoever wishes peace among peoples must fight statism.

Continued adherence to a policy of compulsory education is utterly incompatible with efforts to establish lasting peace.

Those politicians, professors and union bosses who curse big business are fighting for a lower standard of living.

The governments alone are responsible for the spread of the superstitious awe with which the common man looks upon every bit of paper upon which the treasury or agencies which it controls have printed the magical words legal tender.

History can tell us what happened in the past. But it cannot assert that it must happen again in the future.

The unprecedented success of Keynesianism is due to the fact that it provides an apparent justification for the 'deficit spending' policies of contemporary governments. It is the pseudo-philosophy of those who can think of nothing else than to dissipate the capital accumulated by previous generations.