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

Socialism and interventionism. Both have in common the goal of subordinating the individual unconditionally to the state.

In public administration there is no connection between revenue and expenditure.

The main political problem is how to prevent the police power from becoming tyrannical. This is the meaning of all the struggles for liberty.

The living is not perfect because it is liable to change; the dead is not perfect because it does not live.

Keynes did not teach us how to perform the miracle of turning a stone into bread, but the not at all miraculous procedure of eating the seed corn.

A citizen who casts his ballot without having to the best of his abilities studied as much economics as he can fails in his civic duties.