What An Extraordinary Episode In The Economic

Canada Is A Place Of Infinite Promise. We Like The People, And If One Ever Had To Emigrate, This Would Be The Destination, Not The U.s.a. The Hills, Lakes And Forests Make It A Place Of Peace And Repose Of The Mind, Such As One Never Finds In The U.s.a.

The Destruction Of The Inducement To Invest By An Excessive Liquidity-preference Was The Outstanding Evil, The Prime Impediment To The Growth Of Wealth, In The Ancient And Medieval Worlds.

Investment Based On Genuine Long-term Expectations Is So Difficult Today As To Be Scarcely Practicable.

Never In History Was There A Method Devised Of Such Efficacy For Setting Each Country's Advantage At Variance With Its Neighbours' As The International Gold (or, Formerly, Silver) Standard.

It Is Preferable To Regard Labour, Including, Of Course, The Personal Services Of The Entrepreneur, And His Assistants, As The Sole Factor Of Production, Operating In A Given Environment Of Technique, Natural Resources, Capital Equipment And Effective Demand. This Is Why We Have Been Able To Take Labour As The Sole Physical Unit Which We Require In Our Economic System, Apart From Units Of Money And Of Time.