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.

Is still fulfilling its social function in supplying the consumers with more, better and cheaper goods.

Nothing, however, is as ill founded as the assertion of the alleged equality of all members of the human race.

The wealth of the well-to-do of an industrial society is both the cause and effect of the masses' well-being.

If one regards inflation as an evil, then one has to stop inflating. One has to balance the budget of the government.

The final outcome of the credit expansion is general impoverishment.

The masses favor socialism because they trust the socialist propaganda of the intellectuals. The intellectuals, not the populace, are molding public opinion.