Peace And Not War Is

No One Can Escape The Influence Of A Prevailing Ideology.

Rulers Do Not Like To Admit That Their Power Is Restricted By Any Laws Other Than Those Of Physics And Biology. They Never Ascribe Their Failures And Frustrations To The Violation Of Economic Law.

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.

Capitalism Has Improved The Standard Of Living Of The Wage Earners To An Unprecedented Extent. The Average American Family Enjoys Today Amenities Of Which, Only A Hundred Years Ago, Not Even The Richest Nabobs Dreamed.

Credit Expansion Can Bring About A Temporary Boom. But Such A Fictitious Prosperity Must End In A General Depression Of Trade, A Slump.