All Rational Action Is In The First

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

There Are For Man Only Two Principles Available For A Mental Grasp Of Reality, Namely, Those Of Teleology And Causality. What Cannot Be Brought Under Either Of These Categories Is Absolutely Hidden To The Human Mind. An Event Not Open To An Interpretation By One Of These Two Principles Is For Man Inconceivable And Mysterious. Change Can Be Conceived As The Outcome Either Of The Operation Of Mechanistic Causality Or Of Purposeful Behavior; For The Human Mind There Is No Third Way Available.

War Prosperity Is Like The Prosperity That An Earthquake Or A Plague Brings.

The Philosophy Of Protectionism Is A Philosophy Of War.

The Final Outcome Of The Credit Expansion Is General Impoverishment.