The worst evils which mankind has ever had to endure were inflicted by bad governments.

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

The financial history of the last century shows a steady increase in the amount of public indebtedness. Nobody believes that the states will eternally drag the burden of these interest payments. It is obvious that sooner or later all these debts will be liquidated in some way or other, but certainly not by payment of interest and principal according to the terms of the contract.

Society has arisen out of the works of peace; the essence of society is peacemaking. Peace and not war is the father of all things.

Daily experience proves clearly to everybody but the most bigoted fanatics of socialism that governmental management is inefficient and wasteful.

The criterion of truth is that it works even if nobody is prepared to acknowledge it.

Changes in human conditions are brought about by the pioneering of the cleverest and most energetic men. They take the lead and the rest of mankind follows them little by little.