Each epoch has found in the Gospels what it sought to find there, and has overlooked what it wished to overlook.

The boom is called good business, prosperity, and upswing. Its unavoidable aftermath, the readjustment of conditions to the real data of the market, is called crisis, slump, bad business, depression.

For it is an essential difference between capitalist and socialist production that under capitalism men provide for themselves, while under Socialism they are provided for.

The most important thing to remember is that inflation is not an act of God, that inflation is not a catastrophe of the elements or a disease that comes like the plague. Inflation is a policy.

War prosperity is like the prosperity that an earthquake or a plague brings.

The school is a political prize of the highest importance. It cannot be deprived of its political character as long as it remains a public and compulsory institution.

What pays under capitalism is satisfying the common man, the customer. The more people you satisfy, the better for you.