Nobody Is In A Position To Decree

Economic Progress Is The Work Of The Savers, Who Accumulate Capital, And Of The Entrepreneurs, Who Turn Capital To New Uses.

One Has To Recognize That Science Is Not Metaphysics, And Certainly Not Mysticism; It Can Never Bring Us The Illumination And The Satisfaction Experienced By One Enraptured In Ecstasy. Science Is Sobriety And Clarity Of Conception, Not Intoxicated Vision.

The State Can Be And Has Often Been In The Course Of History The Main Source Of Mischief And Disaster.

Liberalism And Capitalism Address Themselves To The Cool, Well-balanced Mind. They Proceed By Strict Logic, Eliminating Any Appeal To The Emotions. Socialism, On The Contrary, Works On The Emotions, Tries To Violate Logical Considerations By Rousing A Sense Of Personal Interest And To Stifle The Voice Of Reason By Awakening Primitive Instincts.

If It Is Unnecessary To Adjust The Amount Of Expenditure To The Means Available, There Is No Limit To The Spending Of The Great God State.