Inflation has always been an important resource of policies of war and revolution and why we also find it in the service of socialism.

The prerequisite for more economic equality in the world is industrialization. And this is possible only through increased capital investment, increased capital accumulation.

If the present tax rates had been in effect from the beginning of our century, many who are millionaires today would live under more modest circumstances. But all those new branches of industry which supply the masses with articles unheard of before, would operate, if at all, on a much smaller scale, and their products would be beyond the reach of the common man.

Every step toward the elimination of profit is progress on the way toward social disintegration.

The unpopularity of economics is the result of its analysis of the effects of privileges. It is impossible to invalidate the economists demonstration that all privileges hurt the interests of the rest of the nation or at least a great part of it.

Capitalism or market economy is that system of social cooperation and division of labor that is based on private ownership of the means of production.

No increase in the welfare of the member of society can result from the availability of an additional quantity of money.