The Market System Is The Basis Of

It Is True That Some Secluded Intellectuals In Their Esoteric Circles Talk Differently. They Proclaim The Priority Of What They Call Eternal Absolute Values And Feign In Their Declamations—not In Their Personal Conduct—a Disdain Of Things Secular And Transitory. But The Public Ignores Such Utterances. The Main Goal Of Present-day Political Action Is To Secure For The Respective Pressure Group Memberships The Highest Material Well-being. The Only Way For A Leader To Succeed Is To Instill In People The Conviction That His Program Best Serves The Attainment Of This Goal.

Suggestion Of The Communist Manifesto Was 'abolition Of All Right Of Inheritance.' Looking Backward Upon The Past History Of Estate Taxes, We Have To Realize That They More And More Have Approached The Goal Set By Marx. Estate Taxes Of The Height They Have Already Attained For The Upper Brackets Are No Longer To Be Qualified As Taxes. They Are Measures Of Expropriation.

A Lasting Order Cannot Be Established By Bayonets.

The Foundation Of Any And Every Civilization, Including Our Own, Is Private Ownership Of The Means Of Production. Whoever Wishes To Criticize Modern Civilization, Therefore, Begins With Private Property.

Economics Is A Theoretical Science And As Such Abstains From Any Judgement Of Value. It Is Not Its Task To Tell People What Ends They Should Aim At. It Is A Science Of The Means To Be Applied For Attainment Of Ends Chosen, Not, To Be Sure, A Science Of The Choosing Of Ends. Ultimate Decisions, The Valuations And The Choosing Of Ends, Are Beyond The Scope Of Any Science. Science Never Tells A Man How He Should Act; It Merely Shows How A Man Must Act If He Wants To Attain Definite Ends.