Under Capitalism The Common Man Enjoys Amenities

The Average American Worker Enjoys Amenities For Which Croesus, Crassus, The Medici, And Louis Xiv Would Have Envied Him.

The Most Important Thing To Remember Is That Inflation Is Not An Act Of God, That Inflation Is Not A Catastrophe Of The Elements Or A Disease That Comes Like The Plague. Inflation Is A Policy.

Neither The Entrepreneurs Nor The Farmers Nor The Capitalists Determine What Has To Be Produced. The Consumers Do That.

Notwithstanding All The Passionate Fulminations Of The Spokesmen Of Governments, The Inevitable Consequences Of Inflationism And Expansionism...are Coming To Pass. And Then, Very Late Indeed, Even Simple People Will Discover That Keynes Did Not Teach Us How To Perform The 'miracle...of Turning A Stone Into Bread,' But The Not At All Miraculous Procedure Of Eating The Seed Corn.

Socialism Is The Renunciation Of Rational Economy.