Oh, My Friends, Be Warned By Me,

The Whole Art Of The Political Speech Is To Put 'nothing' Into It. It Is Much More Difficult Than It Sounds.

It Was The Faith Which Gradually And Indirectly Transformed The Slave Into The Serf, And The Serf Into The Free Peasant... You Will Not Be Able To Set Up In A Pagan Or An Heretical Or A Wholly Indifferent Society The Institutions Characteristic Of Economic Freedom; You Will Not Be Able To Curb Competition Which Alone Would Be Sufficient To Destroy Such Freedom, Nor Pursue Permanently And Consecutively Any One Part Of The Program. The Thing Must Be Done As A Whole, And It Can Be Done As A Whole Only By The Ambient Influence Of Catholicism.

The Smaller Man Approaching Our Modern Banking System, Which Controls All Issue Of Credit And Therefore Pretty Well All Our Industrial And Commercial Activities, Is Not What The Controllers Of That Credit Call "interesting." He Borrows With Difficulty And Upon High Terms, And Must Pledge Security Out Of All Proportion To That Which His Richer Rival Has To Put Down.

The Very Large Units Of Production And Exchange Have Access To Credit On A Large Scale, Sometimes Without Any Cover At All, Merely Upon The Prospect Of Their Success, And Always Upon Terms Far Easier Than Are Open To Their Smaller Rivals. It Is Perhaps On This Line Of Easier Credit That Large Capital Today Does Most Harm To Small Capital, Drives It Out And Ruins It.

I Am Writing A Book About The Crusades So Dull That I Can Scarcely Write It.