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

Reason is the main resource of man in his struggle for survival.

There prevails on a free labor market a tendency toward full employment.

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

He who is unfit to serve his fellow citizens wants to rule them.

The so-called liberals of today have the very popular idea that freedom of speech, of thought, of the press, freedom of religion, freedom from imprisonment without trial-that all these freedoms can be preserved in the absence of what is called economic freedom. They do not realize that, in a system where there is no market, where the government directs everything, all those other freedoms are illusory, even if they are made into laws and written up in constitutions.

The most important thing to remember is that inflation is not an act of God, that inflation is not a catastrophe of the elements or a disease that comes like the plague. Inflation is a policy.