That paper money has some advantages is admitted. But that its abuses also are inevitable and, by breaking up the measure of value, makes a lottery of all private property, cannot be denied.
The history of paper money is an account of abuse, mismanagement, and financial disaster.
Of all the contrivances for cheating the laboring classes of mankind, none has been more effective than that which deludes them with paper money.
But if in the pursuit of the means we should unfortunately stumble again on unfunded paper money or any similar species of fraud, we shall assuredly give a fatal stab to our national credit in its infancy. Paper money will invariably operate in the body of politics as spirit liquors on the human body. They prey on the vitals and ultimately destroy them. Paper money has had the effect in your state that it will ever have, to ruin commerce, oppress the honest, and open the door to every species of fraud and injustice.
Paper money is liable to be abused, has been, is, and forever will be abused, in every country in which it is permitted.
Masculine republics give way to feminine democracies, and feminine democracies give way to tyranny.
What is common to many is least taken care of, for all men have greater regard for what is their own than what they possess in common with others.
So much of the left-wing thought is a kind of playing with fire, by people who don’t even know that fire is hot.
The essential notion of a capitalist society … is voluntary cooperation, voluntary exchange. The essential notion of a socialist society is force.
While the State exists, there can be no freedom. When there is freedom there will be no State.