The Very Foundation Of Private Property And

This Civilization Is Rapidly Passing Away, However. Let Us Rejoice Or Else Lament The Fact As Much As Everyone Of Us Likes; But Do Not Let Us Shut Our Eyes To It.

At The Heart Of Capitalism Is Creative Destruction.

Bureaucracy Is Not An Obstacle To Democracy But An Inevitable Complement To It.

The Spirit Of A People, Its Cultural Level, Its Social Structure, The Deeds Its Policy May Prepare—all This And More Is Written In Its Fiscal History, Stripped Of All Phrases. He Who Knows How To Listen To Its Message Here Discerns The Thunder Of World History More Clearly Than Anywhere Else.

The Very Foundation Of Private Property And Free Contracting Wears Away In A Nation In Which Its Most Vital, Most Concrete, Most Meaningful Types Of Private Property And Free Contracting Disappear From The Moral Horizon Of The People.