Unlike The Days Of The Gold Standard,

The State Is A Gang Of Thieves Writ Large - The Most Immoral, Grasping And Unscrupulous Individuals In Any Society.

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?

I See No Other Conceivable Strategy For The Achievement Of Liberty Than Political Action. Religious Or Philosophical Conversion Of Each Man And Woman Is Simply Not Going To Work; That Strategy Ignores The Problem Of Power, The Fact That Millions Of People Have A Vested Interest In Statism And Are Not Likely To Give It Up.... Education In Liberty Is Of Course Vital, But It Is Not Enough; Action Must Also Be Taken To Roll Back The State.

Money Is Different From All Other Commodities: Other Things Being Equal, More Shoes, Or More Discoveries Of Oil Or Copper Benefit Society, Since They Help Alleviate Natural Scarcity. But Once A Commodity Is Established As A Money On The Market, No More Money At All Is Needed. Since The Only Use Of Money Is For Exchange And Reckoning, More Dollars Or Pounds Or Marks In Circulation Cannot Confer A Social Benefit: They Will Simply Dilute The Exchange Value Of Every Existing Dollar Or Pound Or Mark.

The Necessary Consequence Of An Egalitarian Program Is The Decidedly Inegalitarian Creation Of A Ruthless Power Elite.