The Essential Feature Of Government Is The

Those Who Satisfy The Wants Of A Smaller Number Of People Only Collect Fewer Votes-dollars-than Those Who Satisfy The Wants Of More People.

Taxes Are Necessary. But The System Of Discriminatory Taxation Universally Accepted Under The Misleading Name Of Progressive Taxation Of Income And Inheritance Is Not A Mode Of Taxation. It Is Rather A Mode Of Disguised Expropriation Of The Successful Capitalists And Entrepreneurs.

One Day, Because They Realize For Some Reason Or Other That They Must Stop Credit Expansion, The Banks Do Stop Creating New Credit To Lend. Then The Firms That Have Expanded Cannot Get Credit To Pay For The Factors Of Production Necessary For The Completion Of The Investment Projects Which They Have Already Committed Themselves. Because They Cannot Pay Their Bills, They Sell Off Their Inventories Cheap. Then Comes The Panic, The Breakdown. And The Depression Starts.

The Continued Existence Of Society Depends Upon Private Property.

Liberalism Must Be Intolerant Of Every Sort Of Intolerance.