I define anarchist society as one where there is no legal possibility for coercive aggression against the person or property of any individual.

Having examined the nature of fractional reserve and of central banking, and having seen how the questionable blessings of Central Banking were fastened upon America, it is time to see precisely how the Fed, as presently constituted, carries out its systemic inflation and its control of the American monetary system.

The natural tendency of government, once in charge of money, is to inflate and to destroy the value of the currency.

Money is the general medium of exchange. It is the thing for which all other goods are traded, the means of final payment for such goods on the market.

While big-business leaders and firms can be highly productive, servants of consumers in a free market economy, they are also all too often, seekers after subsidies, contracts, privileges, or cartels furnished by big government. Often, business lobbyists and leaders are the sparkplugs for the statist, interventionist system.

The ingenious slogan that the public debt does not matter because 'we owe it to ourselves' is clearly absurd.

After the Volcker Fund collapsed, I got another grant from the Lilly Endowment to do a history of the U.S., which I worked on from 1962-66. The original idea was to take the regular facts and put a libertarian assessment on everything.