By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens.
Markets can remain irrational longer than you can remain solvent.
If, however, a government refrains from regulations and allows matters to take their course, essential commodities soon attain a level of price out of the reach of all but the rich, the worthlessness of the money becomes apparent, and the fraud upon the public can be concealed no longer.
The importance of money flows from it being a link between the present and the future.
It is better that a man should tyrannize over his bank balance than over his fellow-citizens and whilst the former is sometimes denounced as being but a means to the latter, sometimes at least it is an alternative.
Most men love money and security more, and creation and construction less, as they get older.
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