The Instrument Of Expansion Of Classical Civilization

Thus, The Use Of Fiat Money Is More Justifiable In Financing A Depression Than In Financing A War.

The History Of The Last Century Shows, As We Shall See Later, That The Advice Given To Governments By Bankers, Like The Advice They Gave To Industrialists, Was Consistently Good For Bankers, But Was Often Disastrous For Governments, Businessmen, And The People Generally.

The Difference Between A Stable Society And An Unstable One Is That The Restraints In An Unstable One Are External. In A Stable Society Government Ultimately Becomes Unnecessary; The Restraints On People's Actions Are Internal, They're Self-disciplined.

Our Political Organization, Based As It Is On An Eighteenth-century Separation Of Powers And On A Nineteenth-century Nationalist State, Is Generally Recognized To Be Semiobselete.

This Persistence As Private Firms Continued Because It Ensured The Maximum Of Anonymity And Secrecy To Persons Of Tremendous Public Power Who Dreaded Public Knowledge Of Their Activities As An Evil Almost As Great As Inflation.