On the underlying faith of the capitalist system: "the belief that the good fortune of others is also finally one's own."

On planning: ". . . a society ruled by risk and freedom rather than by rational calculus, a society open to the future rather than planning it, can call forth an endless stream of invention, enterprise and art."

On poverty: "The only dependable route from poverty is always work, family and faith." "The first priority of any serious program against poverty is to strengthen the male role in poor families."

On women: ". . . creation of female-headed families not only contributes to family poverty, it also tends to explain male poverty." "Most women . . . prefer to avoid full commitment to the work force." "It is the greater aggressiveness of men . . . that accounts for much of their earnings superiority."

On taxes: ". . . inflation is caused by taxes. . ." "To realize the benefits of tax cuts in combatting inflation . . . government should reduce taxes on investments and capital gains by somewhat more than it reduces taxes on incomes."

On large corporations: "From the point of view of overall economic growth and technological innovation, these leviathans are of little importance to the economy."

On welfare: ". . . vast expansion of the welfare rolls [has] halted in its tracks an ongoing improvement in the lives of the poor, particularly blacks, and left behind a wreckage of broken lives and families worse than the aftermath of slavery." "Before 1935 over half of all welfare came from private charity. Now the figure is less than 1 percent. Before the boom in social security, many children cared for their parents. Now there is evidence that parents are more often induced to care for their needy children. . ."

On welfare payments, which undermine "male confidence and authority, which determines sexual potency . . . and motivation to face the tedium and frustration of daily labor. . . His response to this reality is that very combination of resignation and rage, escapism and violence, short horizons and promiscuous sexuality that characterizes everywhere the life of the poor."

On progress: "Material progress is ineluctably elitist: it makes the rich richer and increases their numbers, exalting the few extraordinary men who can produce wealth over the democratic masses who consume it. . ."

On the "myths of discrimination": "It is now virtually impossible to find in a position of power a serious racist. . . Problems remain, but it would seem genuinely difficult to sustain the idea that America is still oppressive and discriminatory."

On the need of faith: "Faith in man, faith in the future, faith in the rising returns of giving, faith in the mutual benefits of trade, faith in the providence of God are all essential to successful capitalism. All are necessary to sustain the spirit of work and enterprise against the setbacks and frustrations it inevitably meets in a fallen world; to inspire trust and cooperation in an economy where they will often be betrayed; to encourage the forgoing of present pleasures in the name of a future that may well go up in smoke; to promote risk and initiative in a world where the rewards all vanish unless others join the game."