One day, because they realize for some reason or other that they must stop credit expansion, the banks do stop creating new credit to lend. Then the firms that have expanded cannot get credit to pay for the factors of production necessary for the completion of the investment projects which they have already committed themselves. Because they cannot pay their bills, they sell off their inventories cheap. Then comes the panic, the breakdown. And the depression starts.

Only the naive inflationist's could believe that government could enrich mankind through fiat money.

Continued adherence to a policy of compulsory education is utterly incompatible with efforts to establish lasting peace.

The interventionist policy (big government) provides thousands and thousands of people with safe, placid, and not too strenuous jobs at the expense of the rest of society.

Once the principle is admitted that it is the duty of the government to protect the individual against his own foolishness, no serious objections can be advanced against further encroachments.

He who is unfit to serve his fellow citizens wants to rule them.

German Marxian's coined the dictum: If socialism is against human nature, then human nature must be changed.