The Marxians Love Of Democratic Institutions Was

The Most Important Thing To Remember Is That Inflation Is Not An Act Of God, That Inflation Is Not A Catastrophe Of The Elements Or A Disease That Comes Like The Plague. Inflation Is A Policy.

Without Calculation, Economic Activity Is Impossible. Since Under Socialism Economic Calculation Is Impossible, Under Socialism There Can Be No Economic Activity In Our Sense Of The Word All Economic Change, Therefore, Would Involve Operations The Value Of Which Could Neither Be Predicted Beforehand Nor Ascertained After They Had Taken Place. Everything Would Be A Leap In The Dark. Socialism Is The Renunciation Of Rational Economy.

Continued Inflation Inevitably Leads To Catastrophe.

The Prevailing Legal And Moral Views Of A Time Are Held Not Only By Those Whom They Benefit But By Those, Too, Who Appear To Suffer From Them. Their Domination Is Expressed In That Fact- That The People From Whom They Claim Sacrifice Accept Them.

The Santa Claus Principle Liquidates Itself.