The History Of Mankind Is The History

Continued Adherence To A Policy Of Compulsory Education Is Utterly Incompatible With Efforts To Establish Lasting Peace.

The Market System Makes All Producers Responsible To The Consumer.

No Very Deep Knowledge Of Economics Is Usually Needed For Grasping The Immediate Effects Of A Measure; But The Task Of Economics Is To Foretell The Remoter Effects, And So To Allow Us To Avoid Such Acts As Attempt To Remedy A Present Ill By Sowing The Seeds Of A Much Greater Ill For The Future.

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.

The Capitalist System, In Spite Of All Obstacles Put In Its Way By Governments And Politicians, Has Raised The Standard Of Living Of The Masses In An Unprecedented Way.