Public Opinion Always Wants Easy Money, That

A Short Time Ago The Demagogues Blamed Capitalism For The Poverty Of The Masses. Today They Rather Blame Capitalism For The "affluence" That It Bestows Upon The Common Man.

The Unpopularity Of Economics Is The Result Of Its Analysis Of The Effects Of Privileges. It Is Impossible To Invalidate The Economists Demonstration That All Privileges Hurt The Interests Of The Rest Of The Nation Or At Least A Great Part Of It.

To Assign To Everybody His Proper Place In Society Is The Task Of The Consumers. Their Buying And Abstention From Buying Is Instrumental In Determining Each Individual's Social Position.

The Philosophy Of Protectionism Is A Philosophy Of War. The Wars Of Our Age Are Not At Variance With Popular Economic Doctrines; They Are, On The Contrary, The Inescapable Result Of A Consistent Application Of These Doctrines.

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.