Creative Destruction Is The Essential

All We Can Thus Far Say About The Duration Of The Units Of [the Business Cycle] And Each Of [its] Two Phases Is That It Will Depend On The Nature Of The Particular Innovations That Carry A Cycle,... And The Financial Conditions And Habits Prevailing In The Business Community In Each Case.

Capitalism Stands Its Trial Before Judges Who Have The Sentence Of Death In Their Pockets. They Are Going To Pass It, Whatever The Defense They May Hear; The Only Success Victorious Defense Can Possibly Produce Is A Change In The Indictment.

Can Capitalism Survive? No. I Do Not Think It Can.

Things Economic And Social Move By Their Own Momentum And The Ensuing Situations Compel Individuals And Groups To Behave In Certain Ways Whatever They May Wish To Do-not Indeed By Destroying Their Freedom Of Choice But By Shaping The Choosing Mentalities And By Narrowing The List Of Possibilities From Which To Choose.

Nothing Is So Retentive As A Nation's Memory.