Government Is An Apparatus Of Compulsion And

It Is Not Enough For [the Investor] To Know All The Factors That Can Possibly Contribute To The Determination Of A Future Event. In Order To Anticipate Correctly They Must Also Anticipate Correctly The Quantity As It Were Of Each Factor's Contribution And The Instant At Which Its Contribution Will Become Effective.

Every Extension Of The Functions And Power Of The State Beyond Its Primary Duty Of Maintaining Peace And Justice Should Be Scrutinized With Jealous Vigilance.

Capital Is Not A Free Gift Of God Or Of Nature. It Is The Outcome Of A Provident Restriction Of Consumption On The Part Of Man. It Is Created And Increased By Saving And Maintained By The Abstention From Dissaving.

The Philosophy Of Protectionism Is A Philosophy Of War.

Every Restriction Of Trade Creates Vested Interests That Are From Then On Opposed To Its Removal.