Inflation Is Essentially Antidemocratic.

The Market Economy Is The Social System Of The Division Of Labor Under Private Ownership Of The Means Of Production. Everybody Acts On His Own Behalf; But Everybodys Actions Aim At The Satisfaction Of Other Peoples Needs As Well As At The Satisfaction Of His Own. Everybody In Acting Serves His Fellow Citizens.

There Is No Remedy For The Inefficiency Of Public Management.

What Workers Must Learn Is That The Only Reason Why Wage Rates Are Higher In The United States Is That The Per Head Quota Of Capital Invested Is Higher.

Socialism In Russia Has Not Brought About An Improvement In The Conditions Of The Average Man Which Can Be Compared With The Improvement Of Conditions, During The Same Period, In The United States.

The Boom Produces Impoverishment. But Still More Disastrous Are Its Moral Ravages. It Makes People Despondent And Dispirited. The More Optimistic They Were Under The Illusory Prosperity Of The Boom, The Greater Is Their Despair And Their Feeling Of Frustration.