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

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

History does not provide any example of capital accumulation brought about by a government. As far as governments invested in the construction of roads, railroads, and other useful public works, the capital needed was provided by the savings of individual citizens and borrowed by the government.

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 "progressives" who today masquerade as "liberals" may rant against "fascism"; yet it is their policy that paves the way for Hitlerism. Nothing could have been more helpful to the success of the National-Socialist (Nazi) movement than the methods used by the "progressives," denouncing Nazism as a party serving the interests of "capital." The German workers knew this tactic too well to be deceived by it again.

The study of economics has been again and again led astray by the vain idea that economics must proceed according to the pattern of other sciences.

What workers must learn is that the only reason why wage rates are higher in the United States is that the per head quota of capital invested is higher.