Modern Society, Based As It Is On

Economic Progress Is The Work Of The Savers, Who Accumulate Capital, And Of The Entrepreneurs, Who Turn Capital To New Uses.

The History Of Mankind Is The History Of Ideas.

Socialist Society Is A Society Of Officials.

It Is Extremely Difficult For Our Contemporaries To Conceive Of The Conditions Of Free Banking Because They Take Government Interference With Banking For Granted And As Necessary.

The Gold Standard Did Not Collapse. Governments Abolished It In Order To Pave The Way For Inflation. The Whole Grim Apparatus Of Oppression And Coercion, Policemen, Customs Guards, Penal Courts, Prisons, In Some Countries Even Executioners, Had To Be Put Into Action In Order To Destroy The Gold Standard.