The better an entrepreneur succeeds, the more is he vilified and themore is he soaked by taxation.

This, then, is freedom in the external life of man-that he is independent of the arbitrary power of his fellows.

Continued inflation inevitably leads to catastrophe.

The characteristic feature of a free society is that it can function in spite of the fact that its members disagree in many judgments of value. Freedom really means the freedom to make mistakes.

The aim of all struggles for liberty is to keep in bounds the armed defenders of peace, the governors and their constables. The political concept of the individual's freedom means: freedom from arbitrary action on the part of the police power.

The root of the evil is not the construction of new, more dreadful weapons. It is the spirit of conquest.

A nation, therefore, has no right to say to a province: You belong to me, I want to take you. A province consists of its inhabitants. If anybody has a right to be heard in this case it is these inhabitants. Boundary disputes should be settled by plebiscite.