Centers of unionism are also the centers of unemployment.

When individual enterprise is free and unhampered, profit-and-loss calculations set precise limits to a businessman's temptations to expand his services... a government valuable they may be, have no market price and, therefore, cannot be subjected to profit-and-loss accounting.

Redistribution divided society into two social classes: the beneficiaries of transfer, who are calling for ever more; and the victims, who submit unwillingly. It could hardly fail to injure social peace and harmony.

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.

Sound money and free banking are not impossible; they are merely illegal.

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

The history of fiat money is little more than a register of monetary follies and inflations. Our present age merely affords another entry in this dismal register.