He who serves the public best, makes the highest profits.

A nation, therefore, has no right to say to a province: You belong to me, I want to take you. A province consists of its inhabitants. If anybody has a right to be heard in this case it is these inhabitants. Boundary disputes should be settled by plebiscite.

Inflation is essentially antidemocratic.

The program of liberalism if condensed into a single word, would have to read: property, that is, private ownership of the means of production.

If one rejects laissez faire on account of mans fallibility and moral weakness, one must for the same reason also reject every kind of government action.

There is no other planning for freedom and general welfare than to let the market system work.

Credit expansion can bring about a temporary boom. But such a fictitious prosperity must end in a general depression of trade, a slump.