You deplore the fact that the prevailing number of economic teachers and writers are of the Leftist persuasion. From the viewpoint of the Radical Right, there are no others. The so-called academic or conservative or classical teachers and writers are merely different categories of socialists, because they all accept the socialization of the monetary system. Can you name any "capitalist minded" authors, teachers, businessmen, bankers or taxicab drivers, here or abroad, who do not accept the state control of the monetary system?

The economy functions by means of verbal and written contracts, and under a monetary system, these contracts are all expressed in terms of the monetary unit. Hence the meaning of the monetary unit is the meaning of the contract. With the state's power to change the meaning of the monetary unit, it holds complete pervasive power over the economy. To admit this all-pervasive intervention while objecting to collateral ones, is to swallow a whale while gagging at minnows.