Depression Is The Aftermath Of Credit Expansion.

Historical Knowledge Is Indispensable For Those Who Want To Build A Better World

Once Public Opinion Is Convinced That The Increase In The Quantity Of Money Will Continue And Never Come To An End, And That Consequently The Prices Of All Commodities Will Not Cease To Rise, Everybody Becomes Eager To Buy As Much As Possible And Restrict His Cash Holdings To Minimum Size... If The Credit Expansion Is Not Stopped In Time, The Boom Turns To Crack-up Boom: The Flight Into Real Values Begins, And The Whole Monetary System Founders.

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

The Sharper The Competition, The Better It Serves Its Social Function To Improve Economic Production.

Liberty Is Always Freedom From The Government.