The Consequences Of Inflation Are

The Great Merit Of Gold Is Precisely That It Is Scarce; That Its Quantity Is Limited By Nature; That It Is Costly To Discover, To Mine, And To Process; And That It Cannot Be Created By Political Fiat Or Caprice.

For Every Alleged Benefit That The Politicians Confer Upon Us, They Must Necessarily Deprive Us Of Something Else.

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.

We Cannot Distribute More Wealth Than Is Created. We Cannot In The Long Run Pay Labor As A Whole More Than It Produces.

There May Have Been Somewhere, As A Few Eighteenth-century Philosophers Dreamed, A Group Of Peaceful Men Who Got Together One Evening After Work And Drew Up A Social Contract To Form The State. But Nobody Has Been Able To Find An Actual Record Of It. Practically All The Governments Whose Origins Are Historically Established Were The Result Of Conquest-of One Tribe By Another, One City By Another, One People By Another. Of Course There Have Been Constitutional Conventions, But They Merely Changed The Working Rules Of Governments Already In Being.