Everyone is always in favour of general economy and particular expenditure. It is better that a man should tyrannise over his bank balance than over his fellow-citizens and whilst the former is sometimes denounced as being but a means to the latter, sometimes at least it is an alternative. The best way to destroy the capitalist system is to debauch the currency. By a continuing process of inflation governments can confiscate, secetly and unobserved, an important part of the wealth of their citizens. A study of the history of opinion is a necessary preliminary to the emancipation of the mind.
History suggests that capitalism is a necessary condition for political freedom.
Clearly it is not a sufficient condition. While for the natural scientist the contrast between objective facts and subjective opinions is a simple one, the distinction cannot as readily be applied to the object of the social sciences. There is something wonderful in seeing a wrong-headed majority assailed by truth. Money is a singular thing. It ranks with love as man's greatest source of joy.