The Mind Cannot Foresee Its Own Advance.

I Do Not Think It Is An Exaggeration To Say History Is Largely A History Of Inflation, Usually Inflations Engineered By Governments For The Gain Of Governments.

If This Is The Degree Of Inflation Planned For In Advance, The Real Outcome Is Indeed Likely To Be Such That Most Of Those Who Will Retire At The End Of The Century Will Be Dependent On The Charity Of The Younger Generation. And Ultimately Not Morals But The Fact That The Young Supply The Police And The Army Will Decide The Issue: Concentration Camps For The Aged Unable To Maintain Themselves Are Likely To Be The Fate Of An Old Generation Whose Income Is Entirely Dependent On Coercing The Young.

If Socialists Understood Economics, They Wouldn't Be Socialist.

Perhaps The Fact That We Have Seen Millions Voting Themselves Into Complete Dependence On A Tyrant Has Made Our Generation Understand That To Choose One's Government Is Not Necessarily To Secure Freedom.

Competition Is Like Experimentation In Science, A Discovery Process, And It Must Rely On The Self Interest Of Producers, It Must Allow Them To Use Their Knowledge For Their Purposes, Because Nobody Else Possesses The Information