The Great Merit Of Gold Is Precisely

We Are So Accustomed To The Miracle Of Private Enterprise That We Habitually Take It For Granted. But How Does Private Industry Solve The Incredibly Complex Problem Of Turning Out Tens Of Thousands Of Different Goods And Services In The Proportions In Which They Are Wanted By The Public? ... It Solves These Problems Through The Institutions Of Private Property, Competition, The Free Market, And The Existence Of Money - Through The Interrelations Of Supply And Demand, Costs And Prices, Profits And Losses.

More And More People Are Becoming Aware That Government Has Nothing To Give Them Without First Taking It Away From Somebody Else-or From Themselves. Increased Handouts To Selected Groups Mean Merely Increased Taxes, Or Increased Deficits And Increased Inflation.

Would-be Income Guarantors Ignore Or Despise The Capitalistic System That Makes Their Dreams Dreamable And Gives Their Redistribute-the-income Proposals Whatever Plausibility They Have.

Government-to-government Foreign Aid Promotes Statism, Centralized Planning, Socialism, Dependence, Pauperization, Inefficiency, And Waste. It Prolongs The Poverty It Is Designed To Cure. Voluntary Private Investment In Private Enterprise, On The Other Hand, Promotes Capitalism, Production, Independence, And Self-reliance.

The Consequences Of Inflation Are Malinvestment, Waste, A Wanton Redistribution Of Wealth And Income, The Growth Of Speculation And Gambling, Immorality And Corruption, Disillusionment, Social Resentment, Discontent, Upheaval And Riots, Bankruptcy, Increased Government Controls, And Eventual Collapse.