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.

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.

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.

Instead of safeguarding truth and honesty, the state then tends to become a major source of insincerity and mendacity.

Few policies are more calculated to destroy the existing basis of a free society than the debauching of its currency. And few tasks, if any, are more important to the champion of freedom than creation of a sound monetary system.

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