Public Opinion Always Wants Easy Money, That

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.

If History Could Prove And Teach Us Anything, It Would Be The Private Ownership Of The Means Of Production As A Necessary Requisite Of Civilization And Material Well-being. All Civilizations Have Up To Now Been Based On Private Property. Only Nations Committed To The Principle Of Private Property Have Risen Above Penury And Produced Science, Art, And Literature. There Is No Experience To Show That Any Other Social System Could Provide Mankind With Any Of The Achievements Of Civilization.

A Lasting Order Cannot Be Established By Bayonets.

There Is No Means Of Avoiding The Final Collapse Of A Boom Brought About By Credit Expansion. The Alternative Is Only Whether The Crisis Should Come Sooner As The Result Of Voluntary Abandonment Of Further Credit Expansion, Or Later As A Final And Total Catastrophe Of The Currency System Involved.

Private Property Creates For The Individual A Sphere In Which He Is Free Of The State. It Sets Limits To The Operation Of The Authoritarian Will. It Allows Other Forces To Arise Side By Side With And In Opposition To Political Power. It Thus Becomes The Basis Of All Those Activities That Are Free From Violent Interference On The Part Of The State. It Is The Soil In Which The Seeds Of Freedom Are Nurtured And In Which The Autonomy Of The Individual And Ultimately All Intellectual And Material Progress Are Rooted.