The Governments Alone Are Responsible For The

If The Practice Persists Of Covering Government Deficits With The Issue Of Notes, Then The Day Will Come Without Fail, Sooner Or Later, When The Monetary Systems Of Those Nations Pursuing This Course Will Break Down Completely. The Purchasing Power Of The Monetary Unit Will Decline More And More, Until Finally It Disappears Completely.

Every Step By Which An Individual Substitutes Concerted Action For Isolated Action Results In An Immediate And Recognizable Improvement In His Conditions. The Advantages Derived From Peaceful Cooperation And Division Of Labor Are Universal.

The Struggle For Freedom Is Not The Struggle Of The Many Against The Few, But Of Minorities, Sometimes Of A Minority Of But One Man Gainst The Majority.

Political Ideas That Have Dominated The Public Mind For Decades Cannot Be Refuted Through Rational Arguments. They Must Run Their Course In Life And Cannot Collapse Otherwise Than In Great Catastrophe.

The State Can Be And Has Often Been In The Course Of History The Main Source Of Mischief And Disaster.