Monetary Expansion Is A Massive Scheme Of

If Government Manages To Establish Paper Tickets Or Bank Credit As Money, As Equivalent To Gold Grams Or Ounces, Then The Government, As Dominant Money-supplier, Becomes Free To Create Money Costlessly And At Will. As A Result, This 'inflation' Of The Money Supply Destroys The Value Of The Dollar Or Pound, Drives Up Prices, Cripples Economic Calculation, And Hobbles And Seriously Damages The Workings Of The Market Economy.

The More These Readjustments Are Delayed ... The Longer The Depression Will Have To Last, And The Longer Complete Recovery Is Postponed.

Money ... Is The Nerve Center Of The Economic System. If, Therefore, The State Is Able To Gain Unquestioned Control Over The Unit Of All Accounts, The State Will Then Be In A Position To Dominate The Entire Economic System, And The Whole Society.

It Is In War That The State Really Comes Into Its Own: Swelling In Power, In Number, In Pride, In Absolute Dominion Over The Economy And The Society.

The Public Sector Can Only Feed Off The Private Sector; It Necessarily Lives Parasitically Upon The Private Economy. But This Means That The Productive Resources Of Society - Far From Satisfying The Wants Of Consumers - Are Now Directed, By Compulsion, Away From These Wants And Needs. The Consumers Are Deliberately Thwarted, And The Resources Of The Economy Diverted From Them To Those Activities Desire By The Parasitic Bureaucracy And Politicians.