German Marxian's Coined The Dictum: If Socialism

There Cannot Be Stable Money Within An Environment Dominated By Ideologies Hostile To The Preservation Of Economic Freedom.

The Public Firm Can Nowhere Maintain Itself In Free Competition With The Private Firm; It Is Possible Today Only Where It Has A Monopoly That Excludes Competition. Even That Alone Is Evidence Of Its Lesser Economic Productivity.

The Market Steers The Capitalistic Economy. It Directs Each Individual's Activities Into Those Channels In Which He Best Serves The Wants Of His Fellow-men. The Market Alone Puts The Whole Social System Of Private Ownership Of The Means Of Production And Free Enterprise In Order And Provides It With Sense And Meaning.

Nobody Is In A Position To Decree What Should Make A Fellow Man Happier.

Rulers Do Not Like To Admit That Their Power Is Restricted By Any Laws Other Than Those Of Physics And Biology. They Never Ascribe Their Failures And Frustrations To The Violation Of Economic Law.