The Issue Is Always The Same: The

The Struggle For Freedom Is Ultimately Not Resistance To Autocrats Or Oligarchs But Resistance To The Despotism Of Public Opinion.

Once Public Opinion Is Convinced That The Increase In The Quantity Of Money Will Continue And Never Come To An End, And That Consequently The Prices Of All Commodities Will Not Cease To Rise, Everybody Becomes Eager To Buy As Much As Possible And Restrict His Cash Holdings To Minimum Size... If The Credit Expansion Is Not Stopped In Time, The Boom Turns To Crack-up Boom: The Flight Into Real Values Begins, And The Whole Monetary System Founders.

Continued Inflation Inevitably Leads To Catastrophe.

It Is Vain To Fight Totalitarianism By Adopting Totalitarian Methods. Freedom Can Only Be Won By Men Unconditionally Committed To The Principles Of Freedom. The First Requisite For A Better Social Order Is The Return To Unrestricted Freedom Of Thought And Speech.

What Workers Must Learn Is That The Only Reason Why Wage Rates Are Higher In The United States Is That The Per Head Quota Of Capital Invested Is Higher.