There is no such thing as a just and fair method of exercising the tremendous power that interventionism puts into the hands of the legislature and the executive.

In spite of the anticapitalistic policies of all governments and of almost all political parties, the capitalist mode of production

Those who disagree with the dictator's plan have no other means to carry on than to defeat the despot by force of arms.

There is an inherent tendency in all governmental power to recognize no restraints on its operation and to extend the sphere of its dominion as much as possible. To control everything, to leave no room for anything to happen of its own accord without the interference of the authorities--th is is the goal for which every ruler secretly strives.

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.

A higher standard of living also brings about a higher standard of culture and civilization.

Without speculation there can be no economic activity reaching beyond the immediate present.