Government policies try to prevent the emergence of serious unemployment by credit expansion, i.e., inflation. The outcome was rising prices, renewed demands for higher wages and reiterated credit expansion; in short, protracted inflation.

Depression is the aftermath of credit expansion.

The most successful businessmen were often uneducated when measured by the scholastic standards of the teaching profession. But they were equal to their social function of adjusting production to the most urgent demand. Because of these merits the consumers chose them for business leadership.

Inflation is the true opium of the people and it is administered to them by anticapitalist governments and parties.

Fortunes cannot grow; someone has to increase them.

During the 2300 years since Plato, very little opposition has been registered to his ideas.

Those who satisfy the wants of a smaller number of people only collect fewer votes-dollars-than those who satisfy the wants of more people.