The Standard Of Living Of

The Only Source Of The Generation Of Additional Capital Goods Is Saving. If All The Goods Produced Are Consumed, No New Capital Comes Into Being.

The Champions Of Socialism Call Themselves Progressives, But They Recommend A System Which Is Characterized By Rigid Observance Of Routine And By A Resistance To Every Kind Of Improvement. They Call Themselves Liberals, But They Are Intent Upon Abolishing Liberty. They Call Themselves Democrats, But They Yearn For Dictatorship. They Call Themselves Revolutionaries, But They Want To Make The Government Omnipotent. They Promise The Blessings Of The Garden Of Eden, But They Plan To Transform The World Into A Gigantic Post Office. Every Man But One A Subordinate Clerk In A Bureau.

Everybody Thinks Of Economics Whether He Is Aware Of It Or Not. In Joining A Political Party Or In Casting His Ballot, The Citizen Implicitly Takes A Stand Upon Essential Economic Theories.

There Is No Such Thing As A Just And Fair Method Of Exercising The Tremendous Power That Interventionism Puts Into The Hands Of The Legislature And The Executive.

Economics Must Not Be Relegated To Classrooms And Statistical Offices And Must Not Be Left To Esoteric Circles. It Is The Philosophy Of Human Life And Action And Concerns Everybody And Everything. It Is The Pith Of Civilization And Of Man's Human Existence.