Government Means Always Coercion And

If The Practice Persists Of Covering Government Deficits With The Issue Of Notes, Then The Day Will Come Without Fail, Sooner Or Later, When The Monetary Systems Of Those Nations Pursuing This Course Will Break Down Completely. The Purchasing Power Of The Monetary Unit Will Decline More And More, Until Finally It Disappears Completely.

The Masses Favor Socialism Because They Trust The Socialist Propaganda Of The Intellectuals. The Intellectuals, Not The Populace, Are Molding Public Opinion.

It Cannot Be Denied That Fascism And Similar Movements Aiming At The Establishment Of Dictatorships Are Full Of The Best Intentions And That Their Intervention Has, For The Moment, Saved European Civilization. The Merit That Fascism Has Thereby Won For Itself Will Live On Eternally In History.

The Idea Of Socialism Is At Once Grandiose And Simple. . .we May Say, In Fact, That It Is One Of The Most Ambitious Creations Of The Human Spirit, . . .so Magnificent, So Daring, That It Has Rightly Aroused The Greatest Admiration. If We Wish To Save The World From Barbarism We Have To Refute Socialism, But We Cannot Thrust It Carelessly Aside.

The Worst Evils Which Mankind Has Ever Had To Endure Were Inflicted By Bad Governments.