If one regards inflation as an evil, then one has to stop inflating. One has to balance the budget of the government.

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.

Government is the only institution that can take a valuable commodity like paper, and make it worthless by applying ink.

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

Suggestion of the Communist Manifesto was 'abolition of all right of inheritance.' Looking backward upon the past history of estate taxes, we have to realize that they more and more have approached the goal set by Marx. Estate taxes of the height they have already attained for the upper brackets are no longer to be qualified as taxes. They are measures of expropriation.

Inflation has always been an important resource of policies of war and revolution and why we also find it in the service of socialism.

Socialist society is a society of officials.