In expectation of his demise, a successful businessman may sell out to his competitors to prepare his estate with readily marketable securities, such as U.S. Treasury bonds. The confiscatory death tax eliminates many family enterprises and promotes the growth of giant corporations.

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.

War cannot be driven out by war, for the use of evil breeds more evil, hostility more hostility, and the use of force more force.

A government debt is a government claim against personal income and private property - an unpaid tax bill.

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

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.

To reverse the trend and reduce the role of government in our lives, and thus alleviate the government deficit and inflation pressures, is a giant educational task. The social and economic ideas that gave birth to the transfer system must be discredited and replaced with old values of individual independence and self-reliance. The social philosophy of individual freedom and unhampered private property must again be our guiding light.