Diluting The Money Supply With

The First (lesson) Which We Meet Again And Again In History, Is That Once The Dole Or Similar Relief Programs Are Introduced, They Seem Almost Inevitably - Unless Surrounded By The Most Rigid Restrictions - To Get Out Of Hand. The Second Lesson Is That Once This Happens The Poor Become More Numerous And Worse Off Than They Were Before, Not Only Because They Have Lost Self-reliance, But Because The Sources Of Wealth And Production On Which They Depend For Either Doles Or Jobs Are Diminished Or Destroyed.

Arbitrary Government Power Is Being Multiplied Daily By The Now Practically Unchallenged Assumption That Wherever There Is Any Problem Of Any Kind To Be Solved, Government Is The Agency To Step In And Solve It.

The First Requisite Of A Sound Monetary System Is That It Put The Least Possible Power Over The Quantity Or Quality Of Money In The Hands Of The Politicians.

Liberty Is The Essential Basis, The Sine Qua Non, Of Morality.

The Consequences Of Inflation Are Malinvestment, Waste, A Wanton Redistribution Of Wealth And Income, The Growth Of Speculation And Gambling, Immorality And Corruption, Disillusionment, Social Resentment, Discontent, Upheaval And Riots, Bankruptcy, Increased Government Controls, And Eventual Collapse.