The word "Capitalism" expresses, for our age, the sum of all evil. Even the opponents of Socialism are dominated by socialist ideas.

The Reichswirtschaftsministerium ('Reich Ministry of Economic Affairs') tells the shop managers what and how to produce, at what prices and from whom to buy, at what prices and to whom to sell. It assigns every worker to his job and fixes his wages. It decrees to whom and on what terms the capitalists must entrust their funds. Market exchange is merely a sham.

No architect is held responsible for the behavior of those who inhabit the structure he designed.

There can be no freedom in art and literature where the government determines who shall create them.

True, governments can reduce the rate of interest in the short run. They can issue additional paper money. They can open the way to credit expansion by the banks. They can thus create an artificial boom and the appearance of prosperity. But such a boom is bound to collapse soon or late and to bring about a depression.

Neither the entrepreneurs nor the farmers nor the capitalists determine what has to be produced. The consumers do that.

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