History does not provide any example of capital accumulation brought about by a government. As far as governments invested in the construction of roads, railroads, and other useful public works, the capital needed was provided by the savings of individual citizens and borrowed by the government.

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

Reason is the main resource of man in his struggle for survival.

[T]he essence of so-called war prosperity: it enriches some by what it takes from others. It is not rising wealth but a shifting of wealth and income.

Every innovation makes its appearance as a 'luxury' of the few well-to-do. After industry has become aware of it, the luxury then becomes a 'necessity' for all.

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

Only one thing can conquer war-that attitude of mind which can see nothing in war but destruction and annihilation.