Occupation: Economist Birth: February 3, 1922 Death: June 23, 2007
For more than two thousand years gold's natural qualities made it man's universal medium of exchange. In contrast to political money, gold is honest ….
Under the influence of collectivist ideologies, many politicians and journalists are ever eager to strike at successful entrepreneurs who earn much m….
Few policies are more calculated to destroy the existing basis of a free society than the debauching of its currency. And few tasks, if any, are mor….
When individual enterprise is free and unhampered, profit-and-loss calculations set precise limits to a businessman's temptations to expand his servi….
Government is rather ill-suited and poorly equipped to alleviate the plight of the poor. It lacks moral rules or standards, and is devoid of basic p….
The government transfers income and wealth according to the rules of politics, which make politicians the primary beneficiaries of the system, and th….
Every individual is a potential gold buyer, although he may not need the gold. It may be added to the store of personal wealth, and passed from gener….
Redistribution divided society into two social classes: the beneficiaries of transfer, who are calling for ever more; and the victims, who submit unw….
There is no escape from the vast imbalances in international trade and finance. They will be corrected, sooner or later, by the inexorable principles….
The gold standard sooner or later will return with the force and inevitability of natural law, for it is the money of freedom and honesty..
Every businessman enjoying customer patronage, whether he be a baker, banker, or barber is conferring a public benefit, raising production, and reduc….
Political power intoxicates the best hearts. No man is wise enough, nor good enough, to be trusted with much political power..
Centers of unionism are also the centers of unemployment..
Since there is no orderly way to liquidate the federal debt, we must brace for a payment crisis..
Peace is the natural state of man, war the temporary repeal of reason and virtue..
Freedom is the quality of being free from the control of regulators and tax collectors. If I want to be free their control, I must not impose control….
The social and racial conflict, which springs from the redistribution ideology, may deepen as economic output is shrinking and transfer 'entitlements….
The international monetary order is more precarious by far today than it was in 1929. Then, gold was international money, incorruptible, unmanageable….
Monetary freedom (gold: sound money), like all other economic freedoms, clears the way for energy, intellect and virtue... Political control weakens ….
The gold standard, in one form or another, will prevail long after the present rash of national fiats is forgotten or remembered only in currency mus….
To reverse the trend and reduce the role of government in our lives, and thus alleviate the government deficit and inflation pressures, is a giant ed….