No People And No Part Of A

The Advocates Of Public Control Cannot Do Without Inflation. They Need It In Order To Finance Their Policy Of Reckless Spending And Of Lavishly Subsidizing And Bribing The Voters.

Without Speculation There Can Be No Economic Activity Reaching Beyond The Immediate Present.

The Masses, In Their Capacity As Consumers, Ultimately Determine Everybody's Revenues And Wealth.

Without Calculation, Economic Activity Is Impossible. Since Under Socialism Economic Calculation Is Impossible, Under Socialism There Can Be No Economic Activity In Our Sense Of The Word All Economic Change, Therefore, Would Involve Operations The Value Of Which Could Neither Be Predicted Beforehand Nor Ascertained After They Had Taken Place. Everything Would Be A Leap In The Dark. Socialism Is The Renunciation Of Rational Economy.

Every Man Aims At Avoiding What Causes Him Pain; The Activities Of Government Ultimately Consist In The Infliction Of Pain. All Great Achievements Of Mankind Were The Product Of A Spontaneous Effort On The Part Of Individuals; Government Substitutes Coercion For Voluntary Action.