The chief value of the rule lies in preventing an immediate and obvious but inferior good from replacing a longer-range, less obvious but superior one.

With virtually no knowledge of or interest in history, the masses simply take their unprecedented high living standards under capitalism for granted.

Keynes, far from being a wholehearted lover of freedom, viewed with some sympathy the fascist and Communist ‘experiments’ of the 1930s.

The current disfavor into which socialism has fallen has spurred.... the frenzy to proclaim oneself a liberal. Many writers today have recourse to the strategem of inventing for oneself a liberalism according to one's own tastes and passing it off as an evolution from past ideas.

The nation as such is not a large subject that has needs, that works, practices economy, and consumes. . . . Thus the phenomena of “national economy” . . . are, rather, the results of all the innumerable individual economic efforts in the nation and . . . must also be theoretically interpreted in this light. . . .Whoever wants to understand theoretically the phenomena of “national economy” . . . must for this reason attempt to go back to their true elements, to the singular economies in the nation, and to investigate the laws by which the former are built up from the latter.

Winston Churchill was a man of blood and a politico without principle, whose apotheosis serves to corrupt every standard of honesty and morality in politics and history.

As liberals, men like Richter viewed socialism as the great modern counter-revolution, and believed that the achievement of the socialist goal would lead both to appalling poverty and state absolutism. There was nothing in the socialist doctrine of the time that would suggest otherwise.