"However, and here we return again to our main theme, we would merely be deluding ourselves if we drew such a sharp di…"

"The questionable things of this world come to grief on their nature, the good ones on their own excesses."

"We need a combination of supreme moral sensitivity and economic knowledge. Economically ignorant moralism is as objec…"

"Since men obviously cannot live in a religious vacuum, they cling to surrogate religions of all kinds, to political p…"

"The place of any good in this scale of values is determined ultimately by the strength of the subjective demand for it."

"The processes peculiar to economic life in a free society make evident the fundamental superiority of the spontaneous…"

"Whether in Bolshevism, Fascism, or Nazism, we meet continually with the forcible and ruthless usurpation of the power…"

"The more we gained knowledge of these new totalitarian systems of mass-rule, the more we realized not only their simi…"

"All these peculiarities of the structure of modern tyranny, whose ugliest and extremest form was Nazism, are marked b…"

"The market economy is not everything. It must find its place in a higher order of things which is not ruled by supply…"