There Is No Means Of Avoiding The

The Illusiveness Of This Concept Of National Income Is To Be Seen In Its Dependence On Changes In The Purchasing Power Of The Monetary Unit. The More Inflation Progresses, The Higher Rises The National Income.

Capital Does Not 'beget Profit' As Marx Thought. The Capital Goods As Such Are Dead Things That In Themselves Do Not Accomplish Anything. If They Are Utilized According To A Good Idea, Profit Results. If They Are Utilized According To A Mistaken Idea, No Profit Or Losses Result. It Is The Entrepreneurial Decision That Creates Either Profit Or Loss.

A Citizen Who Casts His Ballot Without Having To The Best Of His Abilities Studied As Much Economics As He Can Fails In His Civic Duties.

The Desire For An Increase Of Wealth Can Be Satisfied Through Exchange, Which Is The Only Method Possible In A Capitalist Economy, Or By Violence And Petition As In A Militarist Society, Where The Strong Acquire By Force, The Weak By Petitioning.

It Is The Rule Of Law Alone Which Hinders The Rulers From Turning Themselves Into The Worst Gangsters.