The gold standard, in one form or another, will prevail long after the present rash of national fiats is forgotten or remembered only in currency museums.

In a world dependent on international trade and commerce, and staggering under a heavy load of international debt, no policy is more destructive than protectionism. It cuts off markets, eliminates trade, causes unemployment in the export industries all over the world, depresses the prices of export commodities, especially farm products of the United States. It is the crowning folly of government intervention.

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.

Government is rather ill-suited and poorly equipped to alleviate the plight of the poor. It lacks moral rules or standards, and is devoid of basic principles in economic and social matters.

Peace is the natural state of man, war the temporary repeal of reason and virtue.

The popular notion that an increase in the stock of money is socially and economically beneficial and desirable is one of the great fallacies of our time.

The paper standard is self-destructive.