In relation to the immense sacrifices that the state demands of the individual through the blood tax, it seems rather incidental whether it compensates the soldier more or less abundantly for the loss of time that he suffers from his military-service obligation.

As society is only possible if everyone, while living his own life, at the same time helps others to live; if every individual is simultaneously means and end; if each individual's well-being is simultaneously the condition necessary to the well-being of others, it is evident that the contrast between I and thou, means and end, automatically is overcome.

[E]conomic history is a long record of government policies that failed because they were designed with a bold disregard for the laws of economics

No private enterprise will ever fall prey to bureaucratic methods of management if it is operated with the sole aim of making profit.

The superiority of the gold standard consists in the fact that the value of gold develops independent of political actions.

Every step toward the elimination of profit is progress on the way toward social disintegration.

The interventionists do not approach the study of economic matters with scientific disinterestedness. Most of them are driven by an envious resentment against those whose incomes are larger than their own. This bias makes it impossible for them to see things as they really are. For them the main thing is not to improve the conditions of the masses, but to harm the entrepreneurs and capitalists even if this policy victimizes the immense majority of the people.