A Society That Chooses Between Capitalism And

The Unpopularity Of Economics Is The Result Of Its Analysis Of The Effects Of Privileges. It Is Impossible To Invalidate The Economists Demonstration That All Privileges Hurt The Interests Of The Rest Of The Nation Or At Least A Great Part Of It.

Where Nietzsche's Response To The Equation Of Socialism And Morality Was To Question The Value Of Morality, At Least As It Had Been Customarily Understood, Economists Like Mises And Hayek Pursued A Different Path, One Nietzsche Would Never Have Dared To Take: They Made The Market The Very Expression Of Morality.

Inflation Is The Fiscal Complement Of Statism And Arbitrary Government. It Is A Cog In The Complex Of Policies And Institutions Which Gradually Lead Toward Totalitarianism .

The Issue Is Always The Same: The Government Or The Market. There Is No Third Solution.

What Economic Calculation Requires Is A Monetary System Whose Functioning Is Not Sabotaged By Government Interference.