Inflation Is Essentially Antidemocratic.

Servile Labour Disappeared Because It Could Not Stand The Competition Of Free Labour; Its Un-profitability Sealed Its Doom In The Market Economy.

The Reichswirtschaftsministerium ('reich Ministry Of Economic Affairs') Tells The Shop Managers What And How To Produce, At What Prices And From Whom To Buy, At What Prices And To Whom To Sell. It Assigns Every Worker To His Job And Fixes His Wages. It Decrees To Whom And On What Terms The Capitalists Must Entrust Their Funds. Market Exchange Is Merely A Sham.

The Unprecedented Success Of Keynesianism Is Due To The Fact That It Provides An Apparent Justification For The 'deficit Spending' Policies Of Contemporary Governments. It Is The Pseudo-philosophy Of Those Who Can Think Of Nothing Else Than To Dissipate The Capital Accumulated By Previous Generations.

The Illusiveness Of This Concept Of National Income Is To Be Seen In Its Dependence On Changes In The Purchasing Power Of The Monetary Unit. The More Inflation Progresses, The Higher Rises The National Income.

The Characteristic Feature Of Modern Capitalism Is Mass Production Of Goods Destined For Consumption By The Masses. The Result Is A Tendency Towards A Continuous Improvement In The Average Standard Of Living, A Progressing Enrichment Of The Many.