There is one good thing about Marx: he was not a Keynesian.
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.
Money is a commodity... not a useless token only good for exchanging;... It differs from other commodities in being demanded mainly as a medium of exchange.
It doesn't matter what the supply of money is.
Inflation may be defined as any increase in the economy's supply of money not consisting of an increase in the stock of the money metal.
Money... is the nerve center of the economic system. If, therefore, the state is able to gain unquestioned control over the unit of all accounts, the state will then be in a position to dominate the entire economic system, and the whole society.
Freedom can run a monetary system as superbly as it runs the rest of the economy. Contrary to many writers, there is nothing special about money that requires extensive governmental dictation.
Shameless sponging on friends and relatives... Marx affected a hatred and contempt for the very material resource he was too anxious to cadge and use so recklessly. Marx created an entire philosophy around his own corrupt attitudes toward money.
It is in war that the State really comes into its own: swelling in power, in number, in pride, in absolute dominion over the economy and the society.
The State thrives on war - unless, of course, it is defeated and crushed - expands on it, glories in it.
All government wars are unjust.
Behind the honeyed but patently absurd pleas for equality is a ruthless drive for placing themselves (the elites) at the top of a new hierarchy of power.
John Stuart was the quintessence of soft rather than hardcore, a woolly minded man of mush in striking contrast to his steel-edged father.
This, by the way, is the welfare state in action: Its a whole bunch of special interest groups screwing consumers and taxpayers, and making them think they're really benefiting.
Inflation, being a fraudulent invasion of property, could not take place on the free market.