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.

Under the influence of collectivist ideologies, many politicians and journalists are ever eager to strike at successful entrepreneurs who earn much more than they do. It is difficult to ascertain their motives; it can be simple envy which consumes many men, or it can be economic ignorance.

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.

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.

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

Envy is more irreconcilable than hate. It is the most corroding of all political vices and also a great power in our land. The friends of freedom are content to be envied, but envy not.

The gold standard sooner or later will return with the force and inevitability of natural law, for it is the money of freedom and honesty.