For It Is An Essential Difference Between

True, Governments Can Reduce The Rate Of Interest In The Short Run. They Can Issue Additional Paper Money. They Can Open The Way To Credit Expansion By The Banks. They Can Thus Create An Artificial Boom And The Appearance Of Prosperity. But Such A Boom Is Bound To Collapse Soon Or Late And To Bring About A Depression.

To Assign To Everybody His Proper Place In Society Is The Task Of The Consumers. Their Buying And Abstention From Buying Is Instrumental In Determining Each Individual's Social Position.

No Increase In The Welfare Of The Member Of Society Can Result From The Availability Of An Additional Quantity Of Money.

In All Countries With A Settled Bureaucracy People Used To Say: The Cabinets Come And Go, But The Bureaus Remain.

In A Game There Are Winners And Losers. But A Business Deal Is Always Advantageous For Both Parties. If Both The Buyer And The Seller Were Not To Consider The Transaction As The Most Advantageous Action They Could Choose Under The Prevailing Conditions, They Would Not Enter Into The Deal.