Susan’s Reviews > Profit and Loss > Status Update

The worst method to fight communism is that of the Marshall Plan. It gives to the recipients the impression that the United States alone is interested in the preservation of the profit system while their own concerns require a communist regime. The USA, is aiding them because its people have a bad conscience, so they pocket the bribe, because they are used to that, and their sympathies go to the socialist system.

Non-profit organizations are sovereign unto themselves. They are, within the limits drawn by the amount of capital at their disposal, in a position to
defy the wishes of the public.

In 1951, Mises gave a paper for the price system under capitalistic economic systems. In "Profit and Loss," he explains how cost accounting is the critical institution ferreting out social waste, & ensuring resources are directed to their most valued ends,