The Final Outcome Of The Credit Expansion

If Men Do Not Now Succeed In Abolishing War, Civilization And Mankind Are Doomed.

The Luxury Of Today Is The Necessity Of Tomorrow. Every Advance First Comes Into Being As The Luxury Of A Few Rich People, Only To Become, After A Time, An Indispensable Necessity Taken For Granted By Everyone. Luxury Consumption Provides Industry With The Stimulus To Discover And Introduce New, Things. It Is One Of The Dynamic Factors In Our Economy. To It We Owe The Progressive Innovations By Which The Standard Of Living Of All Strata Of The Population Has Been Gradually Raised.

Society Is Best Served When The Means Of Production Are In The Possession Of Those Who Know How To Use Them Best.

It Is Impossible To Understand The History Of Economic Thought If One Does Not Pay Attention To The Fact That Economics As Such Is A Challenge To The Conceit Of Those In Power.

The Prevailing Legal And Moral Views Of A Time Are Held Not Only By Those Whom They Benefit But By Those, Too, Who Appear To Suffer From Them. Their Domination Is Expressed In That Fact- That The People From Whom They Claim Sacrifice Accept Them.