The Standard Of Living Of The Common

If Some Peoples Pretend That History Or Geography Gives Them The Right To Subjugate Other Races, Nations, Or Peoples, There Can Be No Peace.

In Order To Succeed In Business A Man Does Not Need A Degree From A School Of Business Administration. These Schools Train The Subalterns For Routine Jobs. They Certainly Do Not Train Entrepreneurs.

Those Who Satisfy The Wants Of A Smaller Number Of People Only Collect Fewer Votes-dollars-than Those Who Satisfy The Wants Of More People.

True, Governments Can Reduce The Rate Of Interest In The Short Run. They Can Issue Additional Paper Money. They Can Open The Way To Credit Expansion By The Banks. They Can Thus Create An Artificial Boom And The Appearance Of Prosperity. But Such A Boom Is Bound To Collapse Soon Or Late And To Bring About A Depression.

The Public Firm Can Nowhere Maintain Itself In Free Competition With The Private Firm; It Is Possible Today Only Where It Has A Monopoly That Excludes Competition. Even That Alone Is Evidence Of Its Lesser Economic Productivity.