The Market Is A Democracy In Which

Inflation Is The Fiscal Complement Of Statism And Arbitrary Government. It Is A Cog In The Complex Of Policies And Institutions Which Gradually Lead Toward Totalitarianism .

Public Opinion Always Wants Easy Money, That Is, Low Interest Rates.

Notwithstanding All The Passionate Fulminations Of The Spokesmen Of Governments, The Inevitable Consequences Of Inflationism And Expansionism...are Coming To Pass. And Then, Very Late Indeed, Even Simple People Will Discover That Keynes Did Not Teach Us How To Perform The 'miracle...of Turning A Stone Into Bread,' But The Not At All Miraculous Procedure Of Eating The Seed Corn.

The Final Outcome Of The Credit Expansion Is General Impoverishment.

History Makes One Wise, But Not Competent To Solve Concrete Problems.