The sharper the competition, the better it serves its social function to improve economic production.

The boom is called good business, prosperity, and upswing. Its unavoidable aftermath, the readjustment of conditions to the real data of the market, is called crisis, slump, bad business, depression.

The tow pillars of democratic government are the primacy of the law and the budget.

To the grumbler who complains about the unfairness of the market system only one piece of advice can be given: If you want to acquire wealth, then try to satisfy the public by offering them something that is cheaper or which they like better....Equality under the law gives you the power to challenge every millionaire.

Democracy is not a good that people can enjoy without trouble. It is, on the contrary, a treasure that must be daily defended and conquered anew by strenuous effort.

The root of the evil is not the construction of new, more dreadful weapons. It is the spirit of conquest.

What governments call international monetary cooperation is concerted action for the sake of credit expansion.