Deficit spending is simply a scheme for the 'hidden' confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights.
As to your kind wishes for myself, allow me to say I can not enter the ring on the money basis--first, because, in the main, it iswrong; and secondly, I have not, and can not get, the money. I say, in the main, the use of money is wrong; but for certain objects, in a political contest, the use of some, is both right, and indispensable.
To desire money is much nobler than to desire success. Desiring money may mean desiring to return to your country, or marry the woman you love, or ransom your father from brigands. But desiring success must mean that you take an abstract pleasure in the unbrotherly act of distancing and disgracing other men.
All things are sold: the very light of heaven is venal; earth's unsparing gifts of love, the smallest and most despicable things that lurk in the abysses of the deep, all objects of our life, even life itself, and the poor pittance which the laws allow of liberty, the fellowship of man, those duties which his heart of human love should urge him to perform instinctively, are bought and sold as in a public mart of not disguising selfishness, that sets on each its price, the stamp-mark of her reign.
We take care of our health; we lay up money; we make our roof tight, and our clothing sufficient; but who provides wisely that he shall not be wanting in the best property of all, -friends?
The value of a dollar is to buy just things; a dollar goes on increasing in value with all the genius and all the virtue of the world. A dollar in a university is worth more than a dollar in a jail; in a temperate, schooled, law-abiding community than in some sink of crime, where dice, knives, and arsenic are in constant play.
The true thrift is always to spend on the higher plane; to invest and invest, with keener avarice, that he may spend in spiritualcreation, and not in augmenting animal existence. Nor is the man enriched, in repeating the old experiments of animal sensation; nor unless through new powers and ascending pleasures he knows himself by the actual experience of higher good to be already on the way to the highest.
What we also have to recognize is that the deficit levels that I'm inheriting, over a trillion dollars, coming out of last year, that that is unsustainable. At a certain point, other countries stop buying our debt, at a certain point, we'd end up having to raise interest rates, and it would end up creating more economic chaos and potentially inflation.
Don't be too much concerned about money, because that is the greatest distraction against happiness. And the irony of ironies is that people think they will be happy when they have money. Money has nothing to do with happiness. If you are happy and you have money, you can use it for happiness. If you are unhappy and you have money, you will use that money for more unhappiness. Because money is simply a neutral force.
When an opponent declares, "I will not come over to your side," I calmly say, "Your child belongs to us already...What are you? You will pass on. Your descendants, however, now stand in the new camp. In a short time they will know nothing else but this new community."
Annual income twenty pounds, annual expenditure nineteen six, result happiness. Annual income twenty pounds, annual expenditure twenty pound ought and six, result misery.
A dowried wife, friends, beauty, birth, fair fame, These are the gifts of money, heavenly dame: Be but a moneyed man, persuasion tips Your tongue, and Venus settles on your lips.