This dilettantish inability to comprehend the essential issues of the conduct of production affairs is not only manifested in the writings of Marx and Engels. It permeates no less the contributions of contemporary pseudo-economics.

Tyranny is the political corollary of socialism, as representative government is the political corollary of the market economy.

All present-day governments are fanatically committed to an easy money policy.

Perhaps there are somewhere in the infinite universe beings whose minds outrank our minds to the same extent as our minds surpass those of the insects. Perhaps there will once somewhere live beings who will look upon us with the same condescension as we look upon amoebae.

The gold standard did not collapse. Governments abolished it in order to pave the way for inflation. The whole grim apparatus of oppression and coercion, policemen, customs guards, penal courts, prisons, in some countries even executioners, had to be put into action in order to destroy the gold standard.

The worst evils which mankind has ever had to endure were inflicted by bad governments.

In the bureaucratic machine of socialism the way toward promotion is not achievement but the favor of the superiors.