The Final Outcome Of The Credit Expansion

The Body Of Economic Knowledge Is An Essential Element In The Structure Of Human Civilization; It Is The Foundation Upon Which Modern Industrialism And All The Moral, Intellectual, Technological, And Therapeutical Achievements Of The Last Centuries Have Been Built.

All This Talk: The State Should Do This Or That, Ultimately Means: The Police Should Force Consumers To Behave Otherwise Than They Would Behave Spontaneously.

The Riches Of The Rich Are Not The Cause Of The Poverty Of Anybody; The Process That Makes Some People Rich Is, On The Contrary, The Corollary Of The Process That Improves Many Peoples Want Satisfaction. The Entrepreneurs, The Capitalists And The Technologists Prosper As Far As They Succeed In Best Supplying The Consumers.

Against What Is Stupid, Nonsensical, Erroneous, And Evil, [classical] Liberalism Fights With The Weapons Of The Mind, And Not With Brute Force And Repression.

Economic Theory Has Demonstrated In An Irrefutable Way That A Prosperity Created By An Expansionist Monetary And Credit Policy Is Illusory And Must End In A Slump, An Economic Crisis.