Most politicians are ever eager to regulate industrial and commercial activity and strike at the economic elite with confiscatory taxation. Unfortunately, regulation and taxation tend to hamper economic activity, inhibit productivity, and depress levels of living.

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.

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.

A monetary order created and managed by politicians and officials is bound to disappoint.

...there seems to be a correlation between the intensity of the official attacks on gold and the severity of monetary crises.

No other commodity enjoys as much universal acceptability and marketability as gold.

Since there is no orderly way to liquidate the federal debt, we must brace for a payment crisis.