Government Is An Apparatus Of Compulsion And

Nobody Is In A Position To Decree What Should Make A Fellow Man Happier.

A Country Becomes More Prosperous In Proportion To The Rise In The Invested Capital Unit Per Unit Of Its Population.

It Is Completely In Accord With The Etatist Thinking Prevalent Everywhere Today To Consider A Theory To Be Finally Disposed Of Merely Because The Authorities Who Control Appointments To Academic Positions, Want To Know Nothing Of It, And To See The Criterion Of Truth In The Approval Of A Government Office.

If History Could Prove And Teach Us Anything, It Would Be The Private Ownership Of The Means Of Production As A Necessary Requisite Of Civilization And Material Well-being. All Civilizations Have Up To Now Been Based On Private Property. Only Nations Committed To The Principle Of Private Property Have Risen Above Penury And Produced Science, Art, And Literature. There Is No Experience To Show That Any Other Social System Could Provide Mankind With Any Of The Achievements Of Civilization.

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 .