The State provides a legal, orderly, systematic channel for predation on the property of the producers.

Falling prices through increased production is a wonderful long-run tendency of untrammeled capitalism.

Monetary inflation not only raises prices and destroys the value of the currency unit; it also acts as a giant system of expropriation.

Children are prepared for democracy by being led to discuss current events without first learning the systematic subjects (politics, economics, history) which are necessary in order to discuss them. The Mole effect is to substitute slogans and superficial opinion for considered individual thought. And the opinion is that of the lowest common denominator of the group.

The State provides a legal, orderly, systematic channel for predation on the property of the producers.

The natural tendency of the state is inflation. This statement will shock those accustomed to viewing the state as a committee of the whole nation ardently dispensing the general welfare, but I think it nonetheless true.

The more these readjustments are delayed ... the longer the depression will have to last, and the longer complete recovery is postponed.