Whenever destroyers appear among men, they start by destroying money, for money is men’s protection and the base of a moral existence. Destroyers seize gold and leave to its owners a counterfeit pile of paper. This kills all objective standards and delivers men into the arbitrary power of an arbitrary setter of values. Gold was an objective value, an equivalent of wealth produced. Paper is a mortgage on wealth that does not exist, backed by a gun aimed at those who are expected to produce it. Paper is a check drawn by legal looters upon an account which is not theirs: upon the virtue of the victims. Watch for the day when it bounces, marked: ‘Account Overdrawn.’
There is no difference between Communism and Socialism, except in the means of of achieving the same ultimate end: Communism proposes to enslave men by force, socialism — by vote. It is merely the difference between murder and suicide.
Independence is the recognition of the fact that yours is the responsibility of judgment and nothing can help you escape it — that no substitute can do your thinking, as no pinch-hitter can live your life.
Individual rights are the means of subordinating society to moral law.
If an uncompromising stand is to be smeared as ‘extremism,’ then that smear is directed at any devotion to values, any loyalty to principles, any profound conviction, any consistency, any steadfastness, any passion, any dedication to an unbreached, inviolate truth — any man of integrity.
The smallest minority on earth is the individual. Those who deny individual rights cannot claim to be defenders of minorities. Individual rights are not subject to a public vote; a majority has no right to vote away the rights of a minority; the political function of rights is precisely to protect minorities from oppression by majorities.
Statism survives by looting; a free country survives by production.
It is a policeman’s duty to protect men from criminals — criminals being those who seize wealth by force. It is a policeman’s duty to retrieve stolen property and return it to its owners. But when robbery becomes the purpose of the law, and the policeman’s duty becomes, not the protection, but the plunder of property — then it is an outlaw who has to become a policeman.
Inflation is not caused by the actions of private citizens, but by the government: by an artificial expansion of the money supply required to support deficit spending. No private embezzlers or bank robbers in history have ever plundered people’s savings on a scale comparable to the plunder perpetrated by the fiscal policies of statist governments.
It’s the person who would sell his soul for a nickel, who is loudest in proclaiming his hatred of money — and he has good reason to hate it. The lovers of money are willing to work for it. They know they are able to deserve it. Let me give you a tip on a clue to men’s characters: the man who damns money has obtained it dishonorably; the man who respects it has earned it. Run for your life from any man who tells you that money is evil. That sentence is the leper’s bell of an approaching looter.