Capitalism gave the world what it needed, a higher standard of living for a steadily increasing number of people.

What is needed for a sound expansion of production is additional capital goods, not money or fiduciary media. The credit expansion is built on the sands of banknotes and deposits. It must collapse.

Private property creates for the individual a sphere in which he is free of the state. It sets limits to the operation of the authoritarian will. It allows other forces to arise side by side with and in opposition to political power. It thus becomes the basis of all those activities that are free from violent interference on the part of the state. It is the soil in which the seeds of freedom are nurtured and in which the autonomy of the individual and ultimately all intellectual and material progress are rooted.

Assistance granted to the unemployed does not dispose of unemployment. It makes it easier for the unemployed to remain idle.

Fortunes cannot grow; someone has to increase them.

Those politicians, professors and union bosses who curse big business are fighting for a lower standard of living.

A nation cannot prosper if its members are not fully aware of the fact that what alone can improve their condition s is more and better production. And this can only be brought about by increased saving and capital accumulation.