Progress is precisely that which rules and regulations did not foresee.

It is inherent in the nature of the capitalistic economy that, in the final analysis, the employment of the factors of production is aimed only toward serving the wishes of consumers.

Progressive taxation of income and profits means that precisely those parts of the income which people would have saved and invested are taxed away

Economic knowledge necessarily leads to liberalism

If people do not consume their whole incomes, the non-consumed surplus can be invested, it increases the amount of capital goods available and thereby makes it possible to embark upon projects which could not be executed before.

The alcoholic and the drug addict harm only themselves by their behavior; the person who violates the rules of morality governing mans life in society harms not only himself, but everyone.

The system that would stand midway between capitalism and socialism.