No Scientist Ever Believes That

The Hope For The Twentieth Century Rests On Recognition That War And Depression Are Man-made, And Needless. They Can Be Avoided In The Future By Turning From The Nineteenth-century Characteristics Just Mentioned (materialism, Selfishness, False Values, Hypocrisy, And Secret Vices) And Going Back To Other Characteristics That Our Western Society Has Always Regarded As Virtues: Generosity, Compassion, Cooperation, Rationality, And Foresight, And Finding A Increased Role In Human Life For Love, Spirituality, Charity, And Self Discipline.

When Goods Are Exchanged Between Countries, They Must Be Paid For By Commodities Or Gold. They Cannot Be Paid For By The Notes, Certificates, And Checks Of The Purchaser's Country, Since These Are Of Value Only In The Country Of Issue.

The Very Idea That There Is Some Kind Of Conflict Between Science And Religion Is Completely Mistaken. Science Is A Method For Investigating Experience... Religion Is The Fundamental, Necessary Internalization Of Our System Of More Permanent Values.

The History Of The Last Century Shows, As We Shall See Later, That The Advice Given To Governments By Bankers, Like The Advice They Gave To Industrialists, Was Consistently Good For Bankers, But Was Often Disastrous For Governments, Businessmen, And The People Generally.

Inflation, Especially A Slow Steady Rise In Prices, Encourages Producers, Because It Means That They Can Commit Themselves To Costs Of Production On One Price Level And Then, Later, Offer The Finished Product For Sale At A Somewhat Higher Price Level. This Situation Encourages Production Because It Gives Confidence Of An Almost Certain Profit Margin.