Only the naive inflationist's could believe that government could enrich mankind through fiat money.

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

The boom produces impoverishment. But still more disastrous are its moral ravages. It makes people despondent and dispirited. The more optimistic they were under the illusory prosperity of the boom, the greater is their despair and their feeling of frustration.

The illusiveness of this concept of national income is to be seen in its dependence on changes in the purchasing power of the monetary unit. The more inflation progresses, the higher rises the national income.

Only the naive inflationist's could believe that government could enrich mankind through fiat money.

The truth is that the government cannot give if it does not take from somebody...It is not in the power of the government to make everybody more prosperous.

When we call a capitalist society a consumers democracy we mean that the power to dispose of the means of production, which belongs to the entrepreneurs and capitalists, can only be acquired by means of the consumers ballot, held daily in the marketplace.