To Those Advocates Of Independent Paper Moneys

Money Is Different From All Other Commodities: Other Things Being Equal, More Shoes, Or More Discoveries Of Oil Or Copper Benefit Society, Since They Help Alleviate Natural Scarcity. But Once A Commodity Is Established As A Money On The Market, No More Money At All Is Needed. Since The Only Use Of Money Is For Exchange And Reckoning, More Dollars Or Pounds Or Marks In Circulation Cannot Confer A Social Benefit: They Will Simply Dilute The Exchange Value Of Every Existing Dollar Or Pound Or Mark.

I See A Great Future For Gold And Silver Coins As The Currency People May Increasingly Turn To When Paper Currencies Begin To Disintegrate.

The Essence And The Glory Of The Free Market Is That Individual Firms And Businesses, Competing On The Market, Provide An Ever-changing Orchestration Of Efficient And Progressive Goods And Services: Continually Improving Products And Markets, Advancing Technology, Cutting Costs, And Meeting Changing Consumer Demands As Swiftly And As Efficiently As Possible.

The Diversity Of Mankind Is A Basic Postulate Of Our Knowledge Of Human Beings. But If Mankind Is Diverse And Individuated, Then How Can Anyone Propose Equality As An Ideal? Every Year, Scholars Hold Conferences On Equality And Call For Greater Equality, And No One Challenges The Basic Tenet. But What Justification Can Equality Find In The Nature Of Man? If Each Individual Is Unique, How Else Can He Be Made 'equal' To Others Than By Destroying Most Of What Is Human In Him And Reducing Human Society To The Mindless Uniformity Of The Ant Heap?

The More These Readjustments Are Delayed ... The Longer The Depression Will Have To Last, And The Longer Complete Recovery Is Postponed.