What precisely is this disease that causes inflation and all these other troubles? It has many popular names, such as socialism, communism, state interventionism, and welfare statism.

Statism, which forces all of us within its orbit, is nothing but a political system of organized plunder, managed by every conceivable type of pressure group.

If the bureaucracy is not checked, it will tend to build, in the name of peace, a defense against every conceivable contingency - so much 'security' that 'the secured' are without resources - helpless and hopeless.

There is no moral distinction between the act of a pickpocket and the progressive income tax.

I would like to suggest to you that the extent to which government in America has departed from the original design of in habiting the destructive actions of man and invoking a common justice; the extent to which government has invaded the productive and creative areas; the extent to which the government in this country has assumed the responsibility for the security, welfare, and prosperity of our people is a measure of the extent to which socialism has developed here in this land of ours.

Socialistic practices are now so ingrained in our thinking, so customary, so much a part of our mores, that we take them for granted.

Governments resort to inflation with popular support because the people apparently are naïve enough to believe that they can have their cake and eat it, too.