Depression Is The Aftermath Of Credit Expansion.

There Were Nowhere More Docile Disciples Of Lenin, Trotsky And Stalin Than The Nazis Were.

The Characteristic Mark Of Economic History Under Capitalism Is Unceasing Economic Progress, A Steady Increase In The Quantity Of Capital Goods Available, And A Continuous Trend Toward An Improvement In The General Standard Of Living.

In The Socialist Commonwealth Every Economic Change Becomes An Undertaking Whose Success Can Be Neither Appraised In Advance Nor Later Retrospectively Determined. There Is Only Groping In The Dark. Socialism Is The Abolition Of Rational Economy.

Reason And Action Are Congeneric And Homogenous, Two Aspects Of The Same Phenomenon.

The Distinctive Principle Of Western Social Philosophy Is Individualism.