"Socialism is the watchword and the catchword of our day. The socialist idea dominates the modem spirit. The masses ap…"

"Bourgeois civilization has built railroads and electric power plants, has invented explosives and airplanes, in order…"

"War prosperity is like the prosperity that an earthquake or a plague brings."

"The goal of liberalism is the peaceful cooperation of all men. It aims at peace among nations too. When there is priv…"

"The characteristic feature of militarism is not the fact that a nation has a powerful army or navy. It is the paramou…"

"Inflation is an increase in the quantity of money without a corresponding increase in the demand for money, i.e., for…"

"If one rejects laissez faire on account of man's fallibility and moral weakness, one must for the same reason also re…"

"You have the courage to tell the masses what no politician told them: you are inferior and all the improvements in yo…"

"The proof of a theory is in its reasoning, not in its sponsorship"

"All rational action is economic. All economic activity is rational action. All rational action is in the first place …"