Occupation: Economist Birth: February 3, 1922 Death: June 23, 2007
The history of fiat money is little more than a register of monetary follies and inflations. Our present age merely affords another entry in this dis….
If we cannot return to fiscal integrity because the public prefers profusion and prodigality over balanced budgets, we cannot escape paying the price….
Most politicians are ever eager to regulate industrial and commercial activity and strike at the economic elite with confiscatory taxation. Unfortun….
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….
Under the influence of collectivist ideologies, many politicians and journalists are ever eager to strike at successful entrepreneurs who earn much m….
The government transfers income and wealth according to the rules of politics, which make politicians the primary beneficiaries of the system, and th….
To live beyond your means today is to live below them tomorrow..
An ounce of gold is an ounce of gold, whether it consists of guineas, sovereigns or eagles..
Instead of safeguarding truth and honesty, the state then tends to become a major source of insincerity and mendacity..
Inflationism is a dreadful cancer that is gnawing at the backbone of the civilized order..
A monetary order created and managed by politicians and officials is bound to disappoint..
The transfer society is forever testing the bounds of patience of taxpayers. Having reached the limit and still facing loud demands for more benefit….
War cannot be driven out by war, for the use of evil breeds more evil, hostility more hostility, and the use of force more force..
Envy is more irreconcilable than hate. It is the most corroding of all political vices and also a great power in our land. The friends of freedom are….
Modern government has become a universal transfer agency that utilizes the political process for distributing vast measures of income and wealth. It ….
The paper standard is self-destructive..
In a world dependent on international trade and commerce, and staggering under a heavy load of international debt, no policy is more destructive than….
Wherever politics intrudes upon economic life, political success is readily attained by saying what people like to hear rather than what is demonstra….
In expectation of his demise, a successful businessman may sell out to his competitors to prepare his estate with readily marketable securities, such….
Sound money and free banking are not impossible; they are merely illegal..
Unfortunately, it is not in the power of government to make everyone more prosperous. Government can only raise the income of one person by taking fr….