This, Then, Is Freedom In The External

Socialism Is The Renunciation Of Rational Economy.

In Many Fields Of The Administration Of Interventionist Measures, Favoritism Simply Cannot Be Avoided.

Economics Is A Theoretical Science And As Such Abstains From Any Judgement Of Value. It Is Not Its Task To Tell People What Ends They Should Aim At. It Is A Science Of The Means To Be Applied For Attainment Of Ends Chosen, Not, To Be Sure, A Science Of The Choosing Of Ends. Ultimate Decisions, The Valuations And The Choosing Of Ends, Are Beyond The Scope Of Any Science. Science Never Tells A Man How He Should Act; It Merely Shows How A Man Must Act If He Wants To Attain Definite Ends.

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

What Is A Loophole? If The Law Does Not Punish A Definite Action Or Does Not Tax A Definite Thing, This Is Not A Loophole. It Is Simply The Law.