Our present predicament comes from the fact that running the economy on blood is no longer fashionable. We can't end this depression with another war.

Technology has no function except to save labor. Yet how often do we hear that the purpose of new capital formation is to create jobs?

No Keynesian has ever proposed a measure designed to make the individual more productive; for that would require institutional means for enabling him to acquire ownership of the nonhuman factor of production: capital.

We have an economic policy that is just about 10,000 years out of date.

The rising productivity of labor is a myth, a statistical illusion created by measuring combined output in terms of labor input.

The uneasy ghost of Marx must suffer the torments of the damned at the truth glaring from the pages of history that one does not abolish property by transferring it to the state.

The owners of labor, on the other hand, are being taught, by the most powerful and well-publicized examples, that the highest rewards are not for production, but for the employment of organized power to take over a share of what others produce.