Inflation, Being A Fraudulent Invasion Of Property,

Libertarians Regard The State As The Supreme, The Eternal, The Best Organized Aggressor Against The Persons And Property Of The Mass Of The Public. All States Everywhere, Whether Democratic, Dictatorial, Or Monarchical, Whether Red, White, Blue Or Brown.

The Modern Welfare State, Highly Touted As Soaking The Rich To Subsidize The Poor, Does No Such Thing. In Fact, Soaking The Rich Would Have Disastrous Effects, Not Just For The Rich But For The Poor And Middle Classes Themselves. For It Is The Rich Who Provide A Proportionately Greater Amount Of Saving, Investment Capital, Entrepreneurial Foresight, And Financing Of Technological Innovation That Has Brought The Unites States To By Far The Highest Standard Of Living - For The Mass Of The People - Of Any Country In History.

There Can Be No Truly Moral Choice Unless That Choice Is Made In Freedom; Similarly, There Can Be No Really Firmly Grounded And Consistent Defense Of Freedom Unless That Defense Is Rooted In Moral Principle. In Concentrating On The Ends Of Choice, The Conservative, By Neglecting The Conditions Of Choice, Loses That Very Morality Of Conduct With Which He Is So Concerned. And The Libertarian, By Concentrating Only On The Means, Or Conditions, Of Choice And Ignoring The Ends, Throws Away An Essential Moral Defense Of His Own Position.

In Fact, The Libertarian Would Reason That The Fact That Human Nature Is A Mixture Of Both Good And Evil Provides Its Own Particular Argument In His Favor. For If Man Is Such A Mixture, Then The Best Societal Framework Is Surely One In Which Evil Is Discouraged And The Good Encouraged. The Libertarian Maintains That The Existence Of The State Apparatus Provides A Ready, Swift Channel For The Exercise Of Evil, Since The Rulers Of The State Are Thereby Legitimated And Can Wield Compulsion In Ways That No One Else Is Permitted To Do.

It Is No Crime To Be Ignorant Of Economics, Which Is, After All, A Specialized Discipline And One That Most People Consider To Be A ‘dismal Science.’ But It Is Totally Irresponsible To Have A Loud And Vociferous Opinion On Economic Subjects While Remaining In This State Of Ignorance.