An Intellectual Inferiority Of The Masses Would

History Makes One Wise, But Not Competent To Solve Concrete Problems.

Government Cannot Make Man Richer, But It Can Make Him Poorer.

Progress Is Precisely That Which Rules And Regulations Did Not Foresee.

Nobody Can Be At The Same Time A Correct Bureaucrat And An Innovator

Credit Expansion Is The Governments' Foremost Tool In Their Struggle Against The Market Economy. In Their Hands It Is The Magic Wand Designed To Conjure Away The Scarcity Of Capital Goods, To Lower The Rate Of Interest Or To Abolish It Altogether, To Finance Lavish Government Spending, To Expropriate The Capitalists, To Contrive Everlasting Booms, And To Make Everybody Prosperous.