The capitalist system, in spite of all obstacles put in its way by governments and politicians, has raised the standard of living of the masses in an unprecedented way.

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

Society has arisen out of the works of peace; the essence of society is peacemaking. Peace and not war is the father of all things.

What governments call international monetary cooperation is concerted action for the sake of credit expansion.

The financial history of the last century shows a steady increase in the amount of public indebtedness. Nobody believes that the states will eternally drag the burden of these interest payments. It is obvious that sooner or later all these debts will be liquidated in some way or other, but certainly not by payment of interest and principal according to the terms of the contract.

The unpopularity of economics is the result of its analysis of the effects of privileges. It is impossible to invalidate the economists demonstration that all privileges hurt the interests of the rest of the nation or at least a great part of it.

Those who disagree with the dictator's plan have no other means to carry on than to defeat the despot by force of arms.