Public Works Are Not Accomplished By The

The Most Serious Dangers For American Freedom And The American Way Of Life Do Not Come From Without.

The Real Bosses In The Capitalist System Of Market Economy Are The Consumers. They By Their Buying And By Their Abstention From Buying Decide Who Should Own The Capital And Run The Plants. They Determine What Should Be Produced And In What Quantity And Quality. Their Attitudes Result Either In Profit Or In Loss For The Enterpriser. They Make Poor Men Rich And Rich Men Poor. They Are No Easy Bosses.

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.

Sovereignty Must Not Be Used For Inflicting Harm On Anyone, Whether Citizen Or Foreigner.

Keynes Did Not Teach Us How To Perform The Miracle Of Turning A Stone Into Bread, But The Not At All Miraculous Procedure Of Eating The Seed Corn.