Whoever Wishes Peace Among Peoples Must Fight

Economic Theory Has Demonstrated In An Irrefutable Way That A Prosperity Created By An Expansionist Monetary And Credit Policy Is Illusory And Must End In A Slump, An Economic Crisis.

It Is Inherent In The Nature Of The Capitalistic Economy That, In The Final Analysis, The Employment Of The Factors Of Production Is Aimed Only Toward Serving The Wishes Of Consumers.

Capitalism Has Improved The Standard Of Living Of The Wage Earners To An Unprecedented Extent. The Average American Family Enjoys Today Amenities Of Which, Only A Hundred Years Ago, Not Even The Richest Nabobs Dreamed.

The Truth Is That Capitalism Has Not Only Multiplied Population Figures, But At The Same Time, Improved The People's Standard Of Living In An Unprecedented Way. Neither Economic Thinking Nor Historical Experience Suggests That Any Other Social System Could Be As Beneficial To The Masses As Capitalism. The Results Speak For Themselves. The Market Economy Needs No Apologists And Propagandists. It Can Apply To Itself The Words Of Sir Christopher Wren's Epitaph In St. Paul's: Si Monumentum Requires, Circumspice.

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.