Whoever Wishes Peace Among Peoples Must Fight

Only Stilted Pedants Can Conceive The Idea That There Are Absolute Norms To Tell What Is Beautiful And What Is Not. They Try To Derive From The Works Of The Past A Code Of Rules With Which, As They Fancy, The Writers And Artists Of The Future Should Comply. But The Genius Does Not Cooperate With The Pundit.

What Impels Every Man To The Utmost Exertion In The Service Of His Fellow Man. Is, In The Market Not Compulsion On The Part Of Gendarmes, Hangmen And Penal Courts, It Is Self Interest.

The Superiority Of The Gold Standard Consists In The Fact That The Value Of Gold Develops Independent Of Political Actions.

Without Speculation There Can Be No Economic Activity Reaching Beyond The Immediate Present.

The Causes Of All Panics, Crashes And Depressions Can Be Summed Up In Only Four Words: The Misuse Of Credit.