No Human Mind Can Comprehend All The

The Ultimate Decision About What Is Accepted As Right And Wrong Will Be Made Not By Individual Human Wisdom But By The Disappearance Of The Groups That Have Adhered To The "wrong" Beliefs.

We Must Shed The Illusion That We Can Deliberately 'create The Future Of Mankind'

A General Flat Minimum-wage Law For All Industry Is Permissible, But I Do Not Think That It Is A Particularly Wise Method Of Achieving The End. I Know Much Better Methods Of Providing A Minimum For Everybody. But Once You Turn From Laying Down A General Minimum For All Industry To Decreeing Particular And Different Minimum For Different Industries, Then, Of Course, You Make The Price Mechanism Inoperative, Because It Is No Longer The Price Mechanism Which Will Guide People Between Industries And Trades.

The State Itself Becomes More And More Identified With The Interests Of Those Who Run Things Than With The Interests Of The People In General.

Inflation Is Probably The Most Important Single Factor In That Vicious Circle Wherein One Kind Of Government Action Makes More And More Government Control Necessary. For This Reason All Those Who Wish To Stop The Drift Toward Increasing Government Control Should Concentrate Their Effort On Monetary Policy.