Can Capitalism Survive? No. I Do Not

The Spirit Of A People, Its Cultural Level, Its Social Structure, The Deeds Its Policy May Prepare—all This And More Is Written In Its Fiscal History, Stripped Of All Phrases. He Who Knows How To Listen To Its Message Here Discerns The Thunder Of World History More Clearly Than Anywhere Else.

Recognition Of The Inevitability Of Comprehensive Bureaucratization Does Not Solve The Problems That Arise Out Of It.

It Is, After All, Only Common Sense To Realize That, But For The Fact That Economic Life Is A Process Of Incessant Internal Change, The Business Cycle, As We Know It, Would Not Exist.

We Always Plan Too Much And Always Think Too Little.

Access To The National Dividend Is Usually To Be Had Only On Condition Of Some Productive Service Previously Rendered Or Of Some Product Previously Sold. This Condition Is, In This Case, Not Yet Fulfilled. It Will Be Fulfilled Only After The Successful Completion Of The New Combinations. Hence This Credit Will In The Meantime Affect The Price Level.