Practically All Government Attempts To

In A Thousand Fields The Welfarists, Statists, Socialists, And Interventionists Are Daily Driving For More Restrictions On Individual Liberty.

The Most Obvious And Yet The Oldest And Most Stubborn Error On Which The Appeal Of Inflation Rests Is That Of Confusing ‘money’ With ‘wealth’…real Wealth, Of Course, Consists In What Is Produced And Consumed: The Food We Eat, The Clothes We Wear, The Houses We Live In. It Is Railways And Roads And Motor Cars; Ships And Planes And Factories; Schools And Churches And Theaters; Pianos, Paintings And Books. Yet So Powerful Is The Verbal Ambiguity That Confuses Money With Wealth, That Even Those Who At Times Recognize The Confusion Will Slide Back Into It In The Course Of Their Reasoning.

There Is A Profound Contrast Between The Effects Of Foreign Aid And Of Voluntary Private Investment: Foreign Aid Goes From Government To Government. It Is Therefore Almost Inevitably Statist And Socialistic.

From A Strictly Economic Point Of View, Buying Gold In A Major Inflation And Holding It Probably Presents The Least Risk Of Capital Loss Of Any Investment Or Speculation.

A Man With A Scant Vocabulary Will Almost Certainly Be A Weak Thinker. The Richer And More Copious One's Vocabulary And The Greater One's Awareness Of Fine Distinctions And Subtle Nuances Of Meaning, The More Fertile And Precise Is Likely To Be One's Thinking. Knowledge Of Things And Knowledge Of The Words For Them Grow Together. If You Do Not Know The Words, You Can Hardly Know The Thing.