When We Approach History, We Are Dealing

A State Is Not The Same Thing As A Society, Although The Greeks And Romans Thought It Was. A State Is An Organization Of Power On A Territorial Basis.

The Argument That The Two Parties Should Represent Opposed Ideals And Policies, One, Perhaps, Of The Right And The Other Of The Left, Is A Foolish Idea Acceptable Only To Doctrinaire And Academic Thinkers.

When Goods Are Exchanged Between Countries, They Must Be Paid For By Commodities Or Gold. They Cannot Be Paid For By The Notes, Certificates, And Checks Of The Purchaser's Country, Since These Are Of Value Only In The Country Of Issue.

We See That There Are Two Different Kinds Of...societies: (a) Parasitic Societies And (b) Producing Societies. The Former Are Those Which Live From Hunting, Fishing, Or Merely Gleaning. By Their Economic Activities They Do Not Increase, But Rather Decrease, The Amount Of Wealth In The World. The Second Kind Of Societies, Producing Societies, Live By Agricultural And Pastoral Activities. By These Activities They Seek To Increase The Amount Of Wealth In The World.

For Years I Have Told My Students That I Been Trying To Train Executives Rather Than Clerks. The Distinction Between The Two Is Parallel To The Distinction Previously Made Between Understanding And Knowledge. It Is A Mighty Low Executive Who Cannot Hire Several People With Command Of More Knowledge Than He Has Himself.