We must fight all that we dislike in public life. We must substitute better ideas for wrong ideas.

The most successful businessmen were often uneducated when measured by the scholastic standards of the teaching profession. But they were equal to their social function of adjusting production to the most urgent demand. Because of these merits the consumers chose them for business leadership.

The illusiveness of this concept of national income is to be seen in its dependence on changes in the purchasing power of the monetary unit. The more inflation progresses, the higher rises the national income.

Most of us have no sympathy with the rich idler who spends his life in pleasure without ever doing any work. But even he fulfills a function in the life of the social organism. He sets an example of luxury that awakens in the multitude a consciousness of new needs and gives industry the incentive to fulfill them.

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

What workers must learn is that the only reason why wage rates are higher in the United States is that the per head quota of capital invested is higher.

Whoever wishes peace among peoples must fight statism.