Under Capitalism The Common Man Enjoys Amenities

Used To The Conditions Of A Capitalistic Environment, The Average American Takes It For Granted That Every Year Business Makes Something New And Better Accessible To Him. Looking Backward Upon The Years Of His Own Life, He Realizes That Many Implements That Were Totally Unknown In The Days Of His Youth And Many Others Which At That Time Could Be Enjoyed Only By A Small Minority Are Now Standard Equipment Of Almost Every Household.

Political Ideas That Have Dominated The Public Mind For Decades Cannot Be Refuted Through Rational Arguments. They Must Run Their Course In Life And Cannot Collapse Otherwise Than In Great Catastrophe.

The Final Outcome Of The Credit Expansion Is General Impoverishment.

Government Policies Try To Prevent The Emergence Of Serious Unemployment By Credit Expansion, I.e., Inflation. The Outcome Was Rising Prices, Renewed Demands For Higher Wages And Reiterated Credit Expansion; In Short, Protracted Inflation.

It Is Indeed One Of The Principal Drawbacks Of Every Kind Of Interventionism That It Is So Difficult To Reverse The Process.