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.

It is impossible to grasp the meaning of the idea of sound money if one does not realize that it was devised as an instrument for the protection of civil liberties against despotic inroads on the part of governments.

If the present tax rates had been in effect from the beginning of our century, many who are millionaires today would live under more modest circumstances. But all those new branches of industry which supply the masses with articles unheard of before, would operate, if at all, on a much smaller scale, and their products would be beyond the reach of the common man.

There is no other planning for freedom and general welfare than to let the market system work.

If history could teach us anything, it would be that private property is inextricably linked with civilization.

The school is a political prize of the highest importance. It cannot be deprived of its political character as long as it remains a public and compulsory institution.

Those who disagree with the dictator's plan have no other means to carry on than to defeat the despot by force of arms.