The comparatively greater prosperity of the United States is an outcome of the fact that the New Deal did not come in 1900 or 1910, but only in 1933.

Whoever wants peace among nations must seek to limit the state and its influence most strictly.

The desire for an increase of wealth can be satisfied through exchange, which is the only method possible in a capitalist economy, or by violence and petition as in a militarist society, where the strong acquire by force, the weak by petitioning.

The attainment of the economic aims of man presupposes peace.

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

In all countries with a settled bureaucracy people used to say: The cabinets come and go, but the bureaus remain.

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