For Years I Have Told My Students

No Slave System Has Ever Been Able To Continue To Function On The Slaves Provided By Its Own Biological Reproduction Because The Rate Of Human Reproduction Is Too Slow And The Expense From Infant Mortality And Years Of Unproductive Upkeep Of The Young Make This Prohibitively Expensive. This Relationship Is One Of The Basic Causes Of The American Civil War, And Was Even More Significant In Destroying Ancient Rome.

When Goods Are Exchanged Between Countries, They Must Be Paid For By Commodities Or Gold. They Cannot Be Paid For By The Notes, Certificates, And Checks Of The Purchaser's Country, Since These Are Of Value Only In The Country Of Issue.

I Am Now Quite Sure That Tragedy And Hope Was Suppressed Although I Do Not Know Why Or By Whom

The History Of The Last Century Shows, As We Shall See Later, That The Advice Given To Governments By Bankers, Like The Advice They Gave To Industrialists, Was Consistently Good For Bankers, But Was Often Disastrous For Governments, Businessmen, And The People Generally.

A Community Is Made Up Of Intimate Relationships Among Diversified Types Of Individuals--a Kinship Group, A Local Group, A Neighborhood, A Village, A Large Family.