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" In accordance with the method of “German socialism,” the facade of a market economy was retained. All prices, wages, and interest rates, however, were “fixed by the central authority. They [were] prices, wages, and interest rates in appearance only; in reality they [were] merely determinations of quantity relations in the government’s orders.... This is socialism in the outward guise of capitalism. "

Leonard Peikoff , The Ominous Parallels


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Leonard Peikoff quote : In accordance with the method of “German socialism,” the facade of a market economy was retained. All prices, wages, and interest rates, however, were “fixed by the central authority. They [were] prices, wages, and interest rates in appearance only; in reality they [were] merely determinations of quantity relations in the government’s orders.... This is socialism in the outward guise of capitalism.