Freedom and liberty always mean freedom from police interference.

The greater productivity of work under the division of labor is a unifying influence. It leads men to regard each other as comrades in a joint struggle for welfare, rather than as competitors in a struggle for existence. It makes friends out of enemies, peace out of war, society out of individuals.

Democracy is not a good that people can enjoy without trouble. It is, on the contrary, a treasure that must be daily defended and conquered anew by strenuous effort.

Economically considered, war and revolution are always bad business.

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.

There is no reason why capitalists and entrepreneurs should be ashamed of earning profits.

Wars of aggression are popular nowadays with those nations convinced that only victory and conquest could improve their material well-being.