Depression Is The Aftermath Of Credit Expansion.

If Some Peoples Pretend That History Or Geography Gives Them The Right To Subjugate Other Races, Nations, Or Peoples, There Can Be No Peace.

Changes In Human Conditions Are Brought About By The Pioneering Of The Cleverest And Most Energetic Men. They Take The Lead And The Rest Of Mankind Follows Them Little By Little.

The Marxians Love Of Democratic Institutions Was A Stratagem Only, A Pious Fraud For The Deception Of The Masses. Within A Socialist Community There Is No Room Left For Freedom.

Many Pioneers Of These Industrial Changes, It Is True, Became Rich. But They Acquired Their Wealth By Supplying The Public With Motor Cars, Airplanes, Radio Sets, Refrigerators, Moving And Talking Pictures, And Variety Of Less Spectacular But No Less Useful Innovations. These New Products Were Certainly Not An Achievement Of Offices And Bureaucrats.

The Welfare State Is Merely A Method For Transforming The Market Economy Step By Step Into Socialism.