What generates war is the economic philosophy of nationalism: embargoes, trade and foreign exchange controls, monetary devaluation, etc. The philosophy of protectionism is a philosophy of war.

War...is harmful, not only to the conquered but to the conqueror.

Every restriction of trade creates vested interests that are from then on opposed to its removal.

Do the American voters know that the unprecedented improvement in their standard of living that the last hundred years brought was the result of the steady rise in the per-head quota of capital invested? Do they realize that every measure leading to capital decumulation jeopardizes their prosperity?

Wars of aggression are popular nowadays with those nations convinced that only victory and conquest could improve their material well-being.

There were nowhere more docile disciples of Lenin, Trotsky and Stalin than the Nazis were.

The early industrialists were for the most part men who had their origin in the same social strata from which their workers came. They lived very modestly, spent only a fraction of their earnings for their households and put the rest back into the business.