A Lasting Order Cannot Be Established By

All Varieties Of Interference With The Market Phenomena Not Only Fail To Achieve The Ends Aimed At By Their Authors And Supporters, But Bring About A State Of Affairs Which - From The Point Of View Of Their Authors And Advocates Valuations - Is Less Desirable Than The Previous State Of Affairs Which They Were Designed To Alter.

The Causes Of All Panics, Crashes And Depressions Can Be Summed Up In Only Four Words: The Misuse Of Credit.

Is Still Fulfilling Its Social Function In Supplying The Consumers With More, Better And Cheaper Goods.

War Prosperity Is Like The Prosperity That An Earthquake Or A Plague Brings...but No One Has For Those Reasons Yet Sought To Celebrate Earthquakes And Cholera As Stimulators Of The Productive Forces In The General Interest.

To Assign To Everybody His Proper Place In Society Is The Task Of The Consumers. Their Buying And Abstention From Buying Is Instrumental In Determining Each Individual's Social Position.