The Market Is A Democracy In Which

Only One Thing Can Conquer War-that Attitude Of Mind Which Can See Nothing In War But Destruction And Annihilation.

The Final Outcome Of The Credit Expansion Is General Impoverishment.

The Common Man Is The Sovereign Consumer Whose Buying Or Abstention From Buying Ultimately Determines What Should Be Produced And In What Quantity And Quality.

The Philosophy Underlying The System Of Progressive Taxation Is That The Income And Wealth Of The Well-to-do Classes Can Be Freely Tapped. What The Advocates Of These Tax Rates Fail To Realize Is That The Greater Part Of The Incomes Taxed Away Would Not Have Been Consumed But Saved And Invested.

What Generates War Is The Economic Philosophy Of Nationalism: Embargoes, Trade And Foreign Exchange Controls, Monetary Devaluation, Etc. The Philosophy Of Protectionism Is A Philosophy Of War.