Something is happening in our world. The masses of people are rising up. And wherever they are assembled today, whether they are in Johannesburg, South Africa; Nairobi, Kenya; Accra, Ghana; New York City; Atlanta, Georgia; Jackson, Mississippi; or Memphis, Tennessee — the cry is always the same: “We want to be free.”
Government is a very great consumer, living not on its profits but on its revenues.
Maintain democracy or go to dictatorship: that is what is at stake in these elections.
Prosperity or egalitarianism — you have to choose. I favor freedom — you never achieve real equality anyway: you simply sacrifice prosperity for an illusion.
The terms inflationism and deflationism, inflationist and deflationist, signify the political programs aiming at inflation and deflation in the sense of big cash-induced changes in purchasing power.
The semantic revolution which is one of the characteristic features of our day has also changed the traditional connotation of the terms inflation and deflation. What many people today call inflation or deflation is no longer the great increase or decrease in the supply of money, but its inexorable consequences, the general tendency toward a rise or a fall in commodity prices and wage rates. This innovation is by no means harmless. It plays an “important role in fomenting the popular tendencies toward inflationism.
Whoever wants peace among nations must seek to limit the state and its influence most strictly.
What characterizes capitalism is not the bad taste of the crowds, but the fact that these crowds, made prosperous by capitalism, became consumers of literature — of course, of trashy literature. The book market is flooded by a downpour of trivial fiction for the semibarbarians. But this does not prevent great authors from creating imperishable works.
It is an enormous simplification to speak of the American mind. Every American has his own mind.
It is paradoxical indeed that the economic order that forces the most eminent individuals to serve the welfare of the masses of ordinary people is decried as a system in which the common man is “exploited” and “sinks deeper and deeper.” While the average manual worker enjoys in the capitalistic countries amenities of which the well-to-do of ages gone by did not even dream, the most successful and most popular ideology of our age, Marxism, is based upon the doctrine that the laboring masses are being impoverished more and more.
The chief characteristic of the capitalistic system is precisely that it leaves for the most eminent individuals only one avenue open to deriving greatest advantage from their intellectual and moral superiority, viz., to minister to the best of their abilities to the well-being of the masses of less endowed fellow men. The captains of industry vie with one another in endeavors to supply the much talked-about common man with ever better and cheaper goods. An enterprise can .grow into bigness only by serving the many. Capitalism is essentially mass production for the satisfaction of the wants of the masses.