Socialism and interventionism. Both have in common the goal of subordinating the individual unconditionally to the state.

What is a loophole? If the law does not punish a definite action or does not tax a definite thing, this is not a loophole. It is simply the law.

The unprecedented success of Keynesianism is due to the fact that it provides an apparent justification for the 'deficit spending' policies of contemporary governments. It is the pseudo-philosophy of those who can think of nothing else than to dissipate the capital accumulated by previous generations.

The final outcome of the credit expansion is general impoverishment.

The masses, in their capacity as consumers, ultimately determine everybody's revenues and wealth.

The real bosses in the capitalist system of market economy are the consumers. They by their buying and by their abstention from buying decide who should own the capital and run the plants. They determine what should be produced and in what quantity and quality. Their attitudes result either in profit or in loss for the enterpriser. They make poor men rich and rich men poor. They are no easy bosses.

Economic prosperity is not so much a material problem; it is, first of all, an intellectual, spiritual, and moral problem.