The characteristic feature of capitalism that distinguishes it from pre-capitalist methods of production was its new principle of marketing. Capitalism is not simply mass production, but mass production to satisfy the needs of the masses.

The study of economics has been again and again led astray by the vain idea that economics must proceed according to the pattern of other sciences.

It is the rule of law alone which hinders the rulers from turning themselves into the worst gangsters.

The mixing of politics and business not only is detrimental to politics, as is frequently observed, but even much more so to business.

The inequality of income and fortunes is essential in capitalism.

The capitalistic social order, therefore, is an economic democracy in the strictest sense of the word. In the last analysis, all decisions are dependent on the will of the people as consumers. Thus, whenever there is a conflict between the consumers' views and those of the business managers, market pressures assure that the views of the consumers win out eventually.

It is necessary to curb the power of government. This is the task of all constitutions, bills of rights and laws. This is the meaning of all struggles which men have fought for liberty.