Socialist society is a society of officials.

Depression is the aftermath of credit expansion.

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

One has to recognize that science is not metaphysics, and certainly not mysticism; it can never bring us the illumination and the satisfaction experienced by one enraptured in ecstasy. Science is sobriety and clarity of conception, not intoxicated vision.

The whole of mankind's progress has had to be achieved against the resistance and opposition of the state and its power of coercion.

The distinctive principle of Western social philosophy is individualism.

The capitalistic social order, therefore, is an economic democracy in the strictest sense of the word. In the last analysis, all decisions are dependent on the will of the people as consumers. Thus, whenever there is a conflict between the consumers' views and those of the business managers, market pressures assure that the views of the consumers win out eventually.