War prosperity is like the prosperity that an earthquake or a plague brings...but no one has for those reasons yet sought to celebrate earthquakes and cholera as stimulators of the productive forces in the general interest.

Where there is no market economy, the best intentioned provisions of constitutions and laws remain a dead letter.

The socialist system, however, forbids this fundamental freedom to choose one's own career. Under socialist conditions, there is only one economic authority, and it has the right to determine all matters concerning production.

The wealth of the well-to-do of an industrial society is both the cause and effect of the masses' well-being.

What pays under capitalism is satisfying the common man, the customer. The more people you satisfy, the better for you.

Progressive taxation of income and profits means that precisely those parts of the income which people would have saved and invested are taxed away

Nobody is in a position to decree what should make a fellow man happier.