What is a loophole? If the law does not punish a definite action or does not tax a definite thing, this is not a loophole. It is simply the law.

If men do not now succeed in abolishing war, civilization and mankind are doomed.

Government cannot make man richer, but it can make him poorer.

He who only wishes and hopes does not interfere actively with the course of events and with the shaping of his own destiny.

The democracy of the market consists in the fact that people themselves make their choices and that no dictator has the power to force them to submit to his value judgments.

The policy of letting the free market determine the height of wage rates is the only reasonable and successful full-employment policy.

Everybody thinks of economics whether he is aware of it or not. In joining a political party or in casting his ballot, the citizen implicitly takes a stand upon essential economic theories.