The Capitalist System Was Termed "capitalism" Not

Not Mythical Material Productive Forces, But Reason And Ideas Determine The Course Of Human Affairs. What Is Needed To Stop The Trend Toward Socialism And Despotism Is Common-sense And Moral Courage.

The Attainment Of The Economic Aims Of Man Presupposes Peace.

In The Capitalist Society There Is A Place And Bread For All. Its Ability To Expand Provides Sustenance For Every Worker. Permanent Unemployment Is Not A Feature Of Free Capitalism.

Library Of The Works Of Ludwig Von Mises”. Here Is An Article He Wrote In 1951, Some Two Years After His Magnum Opus Human Action Appeared, Where Is Lays Out His Case In A More Popular Form. The Money Sentences Are “economic Theory Has Demonstrated In An Irrefutable Way That A Prosperity Created By An Expansionist Monetary And Credit Policy Is Illusory And Must End In A Slump, An Economic Crisis. It Has Happened Again And Again In The Past, And It Will Happen In The Future, Too.

History Does Not Provide Any Example Of Capital Accumulation Brought About By A Government. As Far As Governments Invested In The Construction Of Roads, Railroads, And Other Useful Public Works, The Capital Needed Was Provided By The Savings Of Individual Citizens And Borrowed By The Government.