States Have Always Needed Intellectuals To Con

Monetary Expansion Is A Massive Scheme Of Hidden Redistribution.

Monetary Inflation Not Only Raises Prices And Destroys The Value Of The Currency Unit; It Also Acts As A Giant System Of Expropriation.

Rights Might Be Universal But Their Enforcement Must Be Local.

The Public Sector Can Only Feed Off The Private Sector; It Necessarily Lives Parasitically Upon The Private Economy. But This Means That The Productive Resources Of Society - Far From Satisfying The Wants Of Consumers - Are Now Directed, By Compulsion, Away From These Wants And Needs. The Consumers Are Deliberately Thwarted, And The Resources Of The Economy Diverted From Them To Those Activities Desire By The Parasitic Bureaucracy And Politicians.

The General Theory Was Not Truly Revolutionary At All But Merely Old And Oft-refuted Mercantilist And Inflationist Fallacies Dressed Up In Shiny New Garb, Replete With Newly Constructed And Largely Incomprehensible Jargon.