My theories explain, but cannot slow the decline of a great civilization. I set out to be a reformer, but only became the historian of decline.

The philosophy underlying the system of progressive taxation is that the income and wealth of the well-to-do classes can be freely tapped. What the advocates of these tax rates fail to realize is that the greater part of the incomes taxed away would not have been consumed but saved and invested.

Government is the only institution that can take a valuable commodity like paper, and make it worthless by applying ink.

The standard of living of the common man is higher in those countries which have the greatest number of wealthy entrepreneurs.

The market economy needs no apologists and propagandists. It can apply to itself the words of Sir Christopher Wren's epitaph in St. Paul's: 'If you seek his monument, look around.'

He who only wishes and hopes does not interfere actively with the course of events and with the shaping of his own destiny.

Interventionism cannot be considered as an economic system destined to stay. It is a method for the transformation of capitalism into socialism by a series of successive steps.