Libertarians Are Learning To Their Sorrow That

All Loans, In The Eyes Of Honest Borrowers, Must Eventually Be Repaid. All Credit Is Debt. Proposals For An Increased Volume Of Credit, Therefore, Are Merely Another Name For Proposals For An Increased Burden Of Debt. They Would Seem Considerably Less Inviting If They Were Habitually Referred To By The Second Name Instead Of By The First.

From A Strictly Economic Point Of View, Buying Gold In A Major Inflation And Holding It Probably Presents The Least Risk Of Capital Loss Of Any Investment Or Speculation.

The Essential Function Of The State Is To Maintain Peace, Justice, Law, And Order, And To Protect The Individual Citizen Against Aggression, Violence, Theft, And Fraud.

Yet It Ought To Be Clear That A Minimum Wage Law Is, At Best, A Limited Weapon For Combatting The Evil Of Low Wages, And That The Possible Good To Be Achieved By Such A Law Can Exceed The Possible Harm Only In Proportion As Its Aims Are Mode.

There Are Millions Receiving Government Payments Who Have Come To Consider Them As An Earned Right, Who Of Course Find Them Inadequate, And Who Are Outraged At The Slightest Suggestion Of A Critical Re-examination Of The Subject. The Political Pressure For Constant Extension And Increase Of These Benefits Is Almost Irresistible.