A government debt is a government claim against personal income and private property - an unpaid tax bill.

Instead of safeguarding truth and honesty, the state then tends to become a major source of insincerity and mendacity.

Monetary freedom (gold: sound money), like all other economic freedoms, clears the way for energy, intellect and virtue... Political control weakens individual self-reliance and energy, causes want and poverty and, in the end, breeds tyranny and oppression.

The international monetary order is more precarious by far today than it was in 1929. Then, gold was international money, incorruptible, unmanageable, and unchangeable. Today, the U.S. dollar serves as the international medium of exchange, managed by Washington politicians and Federal Reserve officials, manipulated from day to day, and serving political goals and ambitions. This difference alone sounds the alarm to all perceptive observers.

The government transfers income and wealth according to the rules of politics, which make politicians the primary beneficiaries of the system, and the poor and needy the primary victims.

For more than two thousand years gold's natural qualities made it man's universal medium of exchange. In contrast to political money, gold is honest money that survived the ages and will live on long after the political fiats of today have gone the way of all paper.

Freedom is the quality of being free from the control of regulators and tax collectors. If I want to be free their control, I must not impose controls on others.