Without A Theory The Facts Are Silent.

The History Of Government Management Of Money Has, Except For A Few Short Happy Periods, Been One Of Incessant Fraud And Deception.

And Who Will Deny That A World In Which The Wealthy Are Powerful Is Still A Better World Than One In Which Only The Already Powerful Can Acquire Wealth?

Freedom Granted Only When It Is Known Beforehand That Its Effects Will Be Beneficial Is Not Freedom.

Inflation Is Probably The Most Important Single Factor In That Vicious Circle Wherein One Kind Of Government Action Makes More And More Government Control Necessary. For This Reason All Those Who Wish To Stop The Drift Toward Increasing Government Control Should Concentrate Their Effort On Monetary Policy.

To Create Conditions In Which Competition Will Be As Effective As Possible, To Prevent Fraud And Deception, To Break Up Monopolies- These Tasks Provide A Wide And Unquestioned Field For State Activity.