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The Illusiveness Of This Concept Of National Income Is To Be Seen In Its Dependence On Changes In The Purchasing Power Of The Monetary Unit. The More Inflation Progresses, The Higher Rises The National Income.

The Most Important Thing To Remember Is That Inflation Is Not An Act Of God, That Inflation Is Not A Catastrophe Of The Elements Or A Disease That Comes Like The Plague. Inflation Is A Policy.

It Is Extremely Difficult For Our Contemporaries To Conceive Of The Conditions Of Free Banking Because They Take Government Interference With Banking For Granted And As Necessary.

What Pushes The Masses Into The Camp Of Socialism Is, Even More Than The Illusion That Socialism Will Make Them Richer, The Expectation That It Will Curb All Those Who Are Better Than They Themselves Are.

In Life Everything Is Continually In Flux.