The Final Outcome Of The Credit Expansion

It Is Important To Remember That Government Interference Always Means Either Violent Action Or The Threat Of Such Action. Government Is In The Last Resort The Employment Of Armed Men, Of Policemen, Gendarmes, Soldiers, Prison Guards, And Hangmen. The Essential Feature Of Government Is The Enforcement Of Its Decrees By Beating, Killing, And Imprisoning. Those Who Are Asking For More Government Interference Are Asking Ultimately For More Compulsion And Less Freedom.

Free Markets. What Does This System Mean? The Answer Is Simple: It Is The Market Economy, It Is The System In Which The Cooperation Of Individuals In The Social Division Of Labor Is Achieved By The Market.

The Capitalist System, In Spite Of All Obstacles Put In Its Way By Governments And Politicians, Has Raised The Standard Of Living Of The Masses In An Unprecedented Way.

Once The Principle Is Admitted That It Is The Duty Of The Government To Protect The Individual Against His Own Foolishness, No Serious Objections Can Be Advanced Against Further Encroachments.

The Average American Worker Enjoys Amenities For Which Croesus, Crassus, The Medici, And Louis Xiv Would Have Envied Him.