Under capitalism the common man enjoys amenities which in ages gone by were unknown and therefore inaccessible even to the richest people. But, of course, these motorcars, television sets and refrigerators do not make a man happy. In the instant in which he acquires them, he may feel happier than he did before. But as soon as some of his wishes are satisfied, new wishes spring up. Such is human nature.

The fact is that, under a capitalistic system, the ultimate bosses are the consumers. The sovereign is not the state, it is the people.

The only source of the generation of additional capital goods is saving. If all the goods produced are consumed, no new capital comes into being.

The boom produces impoverishment. But still more disastrous are its moral ravages. It makes people despondent and dispirited. The more optimistic they were under the illusory prosperity of the boom, the greater is their despair and their feeling of frustration.

Every government intervention [in the marketplace] creates unintended consequences, which lead to calls for further government interventions.

Servile labour disappeared because it could not stand the competition of free labour; its un-profitability sealed its doom in the market economy.

All almsgiving inevitably tends to pauperize the recipient.