Towner Phelan, the St. Louis Union Trust Company's vice president for advertising in the 1940s, produced a monthly newsletter on the premise that the prosperity of the company's clients depended on the maintenance of the private enterprise system and the rejection of socialism.
Ludwig von Mises: "In the capitalist society there is a place and bread for all. Its ability to expand provides sustenance for every worker. Permanent unemployment is not a feature of free capitalism." - Socialism