The Continued Existence Of Society Depends Upon

The Financial History Of The Last Century Shows A Steady Increase In The Amount Of Public Indebtedness. Nobody Believes That The States Will Eternally Drag The Burden Of These Interest Payments. It Is Obvious That Sooner Or Later All These Debts Will Be Liquidated In Some Way Or Other, But Certainly Not By Payment Of Interest And Principal According To The Terms Of The Contract.

If It Is Unnecessary To Adjust The Amount Of Expenditure To The Means Available, There Is No Limit To The Spending Of The Great God State.

The Essence Of Democracy Is Not That Everyone Makes And Administers Laws But That Lawgivers And Rulers Should Be Dependent On The People's Will In Such A Way That They May Be Peaceably Changed If Conflict Occurs.

The Boom Squanders Through Malinvestment Scarce Factors Of Production And Reduces The Stock Available Through Overconsumption; Its Alleged Blessings Are Paid For By Impoverishment.

The Idea That Political Freedom Can Be Preserved In The Absence Of Economic Freedom, And Vice Versa, Is An Illusion. Political Freedom Is The Corollary Of Economic Freedom.