Nothing Can Preserve The Integrity Of Contact

It Would Not Be Foolish To Contemplate The Possibility Of A Far Greater Progress Still.

Perhaps It Is Historically True That No Order Of Society Ever Perishes Save By Its Own Hand.

Lenin Is Said To Have Declared That The Best Way To Destroy The Capitalistic System Was To Debauch The Currency. . . Lenin Was Certainly Right. There Is No Subtler, No Surer Means Of Overturning The Existing Basis Of Society Than To Debauch The Currency. The Process Engages All The Hidden Forces Of Economic Law On The Side Of Destruction, And Does It In A Manner Which Not One Man In A Million Can Diagnose.

The Introduction Of A Substantial Government Transfer Tax On All Transactions Might Prove The Most Serviceable Reform Available,with A View To Mitigating The Predominance Of Speculation In The United States.

It Is Preferable To Regard Labour, Including, Of Course, The Personal Services Of The Entrepreneur, And His Assistants, As The Sole Factor Of Production, Operating In A Given Environment Of Technique, Natural Resources, Capital Equipment And Effective Demand. This Is Why We Have Been Able To Take Labour As The Sole Physical Unit Which We Require In Our Economic System, Apart From Units Of Money And Of Time.