The market system makes all producers responsible to the consumer.

Socialist society is a society of officials.

Taxing profits is tantamount to taxing success.

The productivity of social cooperation surpasses in every respect the sum total of the production of isolated individuals.

The comparatively greater prosperity of the United States is an outcome of the fact that the New Deal did not come in 1900 or 1910, but only in 1933.

There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.

There is no remedy for the inefficiency of public management.