Inflationism, however, is not an isolated phenomenon. It is only one piece in the total framework of politico-economic and socio-philosophical ideas of our time. Just as the sound money policy of gold standard advocates went hand in hand with liberalism, free trade, capitalism and peace, so is inflationism part and parcel of imperialism, militarism, protectionism, statism and socialism.

In a battle between force and an idea, the latter always prevails.

It cannot be denied that Fascism and similar movements aiming at the establishment of dictatorships are full of the best intentions and that their intervention has, for the moment, saved European civilization. The merit that Fascism has thereby won for itself will live on eternally in history.

Capitalism gave the world what it needed, a higher standard of living for a steadily increasing number of people.

In life everything is continually in flux.

All almsgiving inevitably tends to pauperize the recipient.

The mixing of politics and business not only is detrimental to politics, as is frequently observed, but even much more so to business.