Inflation Is A Form Of Tax, A

In Practice [monetary Management] Is Merely A High-sounding Euphemism For Continuous Currency Debasement. It Consists Of Constant Lying In Order To Support Constant Swindling. Instead Of Automatic Currencies Based On Gold, People Are Forced To Take Managed Currencies Based On Guile. Instead Of Precious Metals They Hold Paper Promises Whose Value Falls With Every Bureaucratic Whim. And They Are Suavely Assured That Only Hopelessly Antiquated Minds Dream Of Returning To Truth And Honesty And Solvency And Gold.

Today Is Already The Tomorrow Which The Bad Economist Yesterday Urged Us To Ignore.

Once The Premise Is Accepted That Poverty Is Never The Fault Of The Poor But The Fault Of 'society,' Or Of 'the Capitalist System, Then There Is No Definable Limit To Be Set On Relief, And The Politicians Who Want To Be Elected Or Reelected Will Compete With Each Other In Proposing New 'welfare' Programs To Fill Some Hitherto 'unmet Need.'

The Superior Freedom Of The Capitalist System, Its Superior Justice, And Its Superior Productivity Are Not Three Superiorities, But One. The Justice Follows From The Freedom And The Productivity Follows From The Freedom And The Justice.

Bureaucrats Denounce Private Enterprise For The Consequences Of Their Own Reckless Policies And Demand Still More Governmental Controls.