When all the mysticism is stripped away, the people who comprise the government (the legislators, administrators, judges, and policemen), are guided by human interests, desires, beliefs, notions, and prejudices, just like other people. They have neither superhuman wisdom nor extraordinary virtue.

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

If we cannot return to fiscal integrity because the public prefers profusion and prodigality over balanced budgets, we cannot escape paying the price, which is ever lower incomes and standards of living for all.

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.

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

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.