The Final Outcome Of The Credit Expansion

Inflation Has Always Been An Important Resource Of Policies Of War And Revolution And Why We Also Find It In The Service Of Socialism.

Under Capitalism The Common Man Enjoys Amenities Which In Ages Gone By Were Unknown And Therefore Inaccessible Even To The Richest People. But, Of Course, These Motorcars, Television Sets And Refrigerators Do Not Make A Man Happy. In The Instant In Which He Acquires Them, He May Feel Happier Than He Did Before. But As Soon As Some Of His Wishes Are Satisfied, New Wishes Spring Up. Such Is Human Nature.

The Policies Advocated By The Welfare School Remove The Incentive To Saving On The Part Of Private Citizens.

The Situation Of Having To Belong To A State To Which One Does Not Wish Is No Less Onerous If It Is The Result Of An Election Than If One Must Endure It As The Consequence Of A Military Conquest.

For It Is An Essential Difference Between Capitalist And Socialist Production That Under Capitalism Men Provide For Themselves, While Under Socialism They Are Provided For.