Public works are not accomplished by the miraculous power of a magic wand. They are paid for by funds taken away from the citizens.

Manufacturing and commercial monopolies owe their origin not to a tendency imminent in a capitalist economy but to governmental interventionist policy directed against free trade and laissez faire.

The recurrence of periods of depression and mass unemployment has discredited capitalism in the opinion of injudicious people. Yet these events are not the outcome of the operation of the free market. They are on the contrary the result of well-intentioned but ill-advised government interference with the market.

In capitalist enterprise there is no secure income and no security of wealth.

You know that the population is of this planet is now ten times greater than it was in the ages preceding capitalism.; you know that all men today enjoy a higher standard of living than your ancestors did before the age of capitalism. But how do you know that you are the one out of ten who would have lived in the absence of capitalism? The mere fact that you are living today is proof that capitalism has succeeded, whether or not you consider your own life very valuable.

War can really cause no economic boom, at least not directly, since an increase in wealth never does result from destruction of goods.

Inflation is the true opium of the people and it is administered to them by anticapitalist governments and parties.