Only The State Legally Obtains Its Revenue

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.

So: If The Chronic Inflation Undergone By Americans, And In Almost Every Other Country, Is Caused By The Continuing Creation Of New Money, And If In Each Country Its Governmental "central Bank" (in The United States, The Federal Reserve) Is The Sole Monopoly Source And Creator Of All Money, Who Then Is Responsible For The Blight Of Inflation? Who Except The Very Institution That Is Solely Empowered To Create Money, That Is, The Fed (and The Bank Of England, And The Bank Of Italy, And Other Central Banks) Itself?

Remember That The Minimum Wage Law Provides No Jobs; It Only Outlaws Them; And Outlawed Jobs Are The Inevitable Result.

Liberty And Morality Had To Win Their Way Slowly Over Many Centuries, Until Finally Expanding Liberty Made Possible The Great Technological Advance Of The Industrial Revolution And The Flowering Of Modern Capitalism.

All Of The Services Commonly Thought To Require The State-from The Coining Of Money To Police Protection To The Development Of Law In Defense Of The Rights Of Person And Property-can Be And Have Been Supplied Far More Efficiently And Certainly More Morally By Private Persons. The State Is In No Sense Required By The Nature Of Man; Quite The Contrary.