These are not sentimental considerations; they constitute the mechanism of productioon and therefore of power. Personal liberty is the pre-condition of the release of energy. Private property is the inductor which initiates the flow. Real money is the transmission line; and the payment of debts comprises half the circuit. An empire is merely a long circuit energy-system. The possibility of a short circuit, ensuing leakage and breakdown or explosion, occurs in the hook-up of political organization to the productive processes. This is not a figure os speech or analogy, but a specific physical description of what happens.

More and more of the flow was diverted from production into the political mechanism. Whatever elements in motion compose a stream of energy, enough must go thr…

Men are born free, that since they begin with no government, they must therefore institute government by voluntary agreement, and thus government must be their…

Money is indispensable to a long-circuit heavy load energy system. It must be used when a sufficient surplus is being produced to allow a margin for exchange, …

All my economic ideas as developed over twenty-five years can be summed up in the words: agricultural-industrial federation. All my political ideas boil down t…

The paramount question of the day is not political, is not religious, but is economic. The crying-out demand of today is for a circle of principles that shall …

Unhappy events abroad have retaught us two simple truths about the liberty of a democratic people. The first truth is that the liberty of a democracy is not sa…