The policies advocated by the welfare school remove the incentive to saving on the part of private citizens.

As the science of economics...exploded the fallacies of every brand of utopianism, it was outlawed and stigmatized as unscientific.

The most serious dangers for American freedom and the American way of life do not come from without.

We must fight all that we dislike in public life. We must substitute better ideas for wrong ideas.

The policies advocated by the welfare school remove the incentive to saving on the part of private citizens.

Government policies try to prevent the emergence of serious unemployment by credit expansion, i.e., inflation. The outcome was rising prices, renewed demands for higher wages and reiterated credit expansion; in short, protracted inflation.

The idea that political freedom can be preserved in the absence of economic freedom, and vice versa, is an illusion. Political freedom is the corollary of economic freedom.