The luxury of today is the necessity of tomorrow. Every advance first comes into being as the luxury of a few rich people, only to become, after a time, an indispensable necessity taken for granted by everyone. Luxury consumption provides industry with the stimulus to discover and introduce new, things. It is one of the dynamic factors in our economy. To it we owe the progressive innovations by which the standard of living of all strata of the population has been gradually raised.

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

Socialism is not an alternative to capitalism; it is an alternative to any system under which men can live as human beings.

If it is unnecessary to adjust the amount of expenditure to the means available, there is no limit to the spending of the great god State.

The socialist system, however, forbids this fundamental freedom to choose one's own career. Under socialist conditions, there is only one economic authority, and it has the right to determine all matters concerning production.

The concept of a 'just' or 'fair' price is devoid of any scientific meaning; it is a disguise for wishes, a striving for a state of affairs different from reality.

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