The Tow Pillars Of Democratic Government Are

The Pseudo-liberals Monopolize The Teaching Jobs At Many Universities. Only Men Who Agree With Them Are Appointed As Teachers And Instructors Of The Social Sciences, And Only Textbooks Supporting Their Ideas Are Used.

Those Who Disagree With The Dictator's Plan Have No Other Means To Carry On Than To Defeat The Despot By Force Of Arms.

The Only Source Of The Generation Of Additional Capital Goods Is Saving. If All The Goods Produced Are Consumed, No New Capital Comes Into Being.

One Day, Because They Realize For Some Reason Or Other That They Must Stop Credit Expansion, The Banks Do Stop Creating New Credit To Lend. Then The Firms That Have Expanded Cannot Get Credit To Pay For The Factors Of Production Necessary For The Completion Of The Investment Projects Which They Have Already Committed Themselves. Because They Cannot Pay Their Bills, They Sell Off Their Inventories Cheap. Then Comes The Panic, The Breakdown. And The Depression Starts.

The Final Outcome Of The Credit Expansion Is General Impoverishment.