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

The paper standard is self-destructive.

An ounce of gold is an ounce of gold, whether it consists of guineas, sovereigns or eagles.

The social and racial conflict, which springs from the redistribution ideology, may deepen as economic output is shrinking and transfer 'entitlements cause budget deficits to soar. The U.S. dollar, which has become a mere corollary of government finance, is likely to survive the soaring deficits.

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.

The gold standard, in one form or another, will prevail long after the present rash of national fiats is forgotten or remembered only in currency museums.

There is no escape from the vast imbalances in international trade and finance. They will be corrected, sooner or later, by the inexorable principles that govern human action.