The essential characteristic of Western civilization that distinguishes it from the arrested and petrified civilizations of the East was and is its concern for freedom from the state.

The main achievement of economics is that it has provided a theory of peaceful human cooperation. This is why the harbingers of violent conflict have branded it as a dismal science and why this age of wars, civil wars, and destruction has no use for it.

A lasting order cannot be established by bayonets.

In talking about equality and asking vehemently for its realization, nobody advocates a curtailment of his own present income.

Depressions and mass unemployment are not caused by the free market but by government interference in the economy.

Capitalism is essentially a system of mass production for the satisfaction of the needs of the masses. It pours a horn of plenty upon the common man. It has raised the average standard of living to a height never dreamed of in earlier ages. It has made accessible to millions of people enjoyments which a few generations ago were only within the reach of a small élite.

Society is joint action and cooperation in which each participant sees the other partner's success as a means for the attainment of his own.