If Precious Metals Had Been Abundant, They

The System Of Capitalism, Of The Market Economy, Is A System Of Freedom, Of Justice, Of Productivity. But These Three Virtues Cannot Be Separated. Each Flows Out Of The Other.

A Vital Function Of The Free Market Is To Penalize Inefficiency And Misjudgment And To Reward Efficiency And Good Judgment. By Distorting Economic Calculations And Creating Illusory Profits, Inflation Will Destroy This Function.

Economics Is Haunted By More Fallacies Than Any Other Study Known To Man

The Monetary Managers Are Fond Of Telling Us That They Have Substituted 'responsible Money Management' For The Gold Standard. But There Is No Historic Record Of Responsible Paper Money Management ... The Record Taken, As A Whole Is One Of Hyperinflation, Devaluation And Monetary Chaos.

The State, Of Course, Is Absolutely Indispensable To The Preservation Of Law And Order, And The Promotion Of Peace And Social Cooperation. What Is Unnecessary And Evil, What Abridges The Liberty And Threatens The True Welfare Of The Individual, Is The State That Has Usurped Excessive Powers And Grown Beyond Its Legitimate Function - The Super-state, The Socialist State, The Redistributive State, In Brief, The Ironically Misnamed 'welfare State.'