Well, you probably will always believe there should be laws against fraud, and I don't think there is any need for a law against fraud.

Protectionism will do little to create jobs and if foreigners retaliate, we will surely lose jobs.

If all currencies are moving up or down together, the question is: relative to what? Gold is the canary in the coal mine. It signals problems with respect to currency markets. Central banks should pay attention to it.

The arts develop skills and habits of mind that are important for workers in the new economy of ideas.

The abandonment of the gold standard made it possible for the welfare statists to use the banking system as a means to an unlimited expansion of credit. In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. Deficit spending is simply a scheme for the hidden confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists' antagonism toward the gold standard.

Rules cannot take the place of character.

Productivity is notoriously difficult to predict.