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.

Every individual is a potential gold buyer, although he may not need the gold. It may be added to the store of personal wealth, and passed from generation to generation as an object of family wealth. There is no other economic good as marketable as gold.

Wherever politics intrudes upon economic life, political success is readily attained by saying what people like to hear rather than what is demonstrably true. Instead of safeguarding truth and honesty, the state then tends to become a major source of insi

The paper standard is self-destructive.

Political power intoxicates the best hearts. No man is wise enough, nor good enough, to be trusted with much political power.

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

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.