“All that the State need do, and can do, in order to preserve the monetary system undisturbed, is to refrain from such intervention. That is the essence of the monetary theory of the classical economists and their immediate successors, the Currency School. It is possible to refine and amplify this doctrine with the aid of the modern subjective theory; but it is impossible to overthrow it, and impossible to put anything else in its place. Those who are able to forget it only show that they are unable to think as economists.”

“All that the State need do, and can do, in order to preserve the monetary system undisturbed, is to refrain from such intervention. That is the essence of the monetary theory of the classical economists and their immediate successors, the Currency School. It is possible to refine and amplify this doctrine with the aid of the modern subjective theory; but it is impossible to overthrow it, and impossible to put anything else in its place. Those who are able to forget it only show that they are unable to think as economists.”

“The market system is the basis of our civilization. Its only alternative is the Führer principle.”

“The elimination of profit, whatever methods may be resorted to for its execution, must transform society into a senseless jumble.”

“Society has arisen out of the works of peace the essence of society is peacemaking. ”

“Modern society, based as it is on the division of labor, can be preserved only under conditions of lasting peace.”

“The attainment of the economic aims of man presupposes peace.”

“Whoever wishes peace among peoples must fight statism.”

“Peace and not war is the father of all things.”

“The worst evils which mankind has ever had to endure were inflicted by bad governments.”

“Economically considered, war and revolution are always bad business.”

“Whoever wants peace among nations must seek to limit the state and its influence most strictly.”