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And favourable to all the others. The recognition of this true makes it clear that
Offered reform - not simply insignificant technical
Financial system improvement, this basic change which can
To decide destiny of a free civilisation. That here is offered, seems to me
In the unique real way of creation of a complete market order,
Its clearings of the major lack and the reason of main reproaches,
Turned against it.
The system of competitive paper currencies is how much realizable?
We cannot hope, of course, for such reform before comprehension by a society of that,
What rates and prizes. Those who considers this offer absolutely
Unreal and utopian, should recollect that 200 years ago wrote in
"Riches of the people" Adam Smith: "to expect restoration sometime the full
Freedoms of commerce in Great Britain as it is ridiculous how to expect realisation in
Her of "Ocenia" or "Utopia".
the Wealth of Nations (1776), Glasgow edition, Oxford University Press,
London, 1976, the river 47. All paragraph which is beginning with this citation and coming to an end
The phrase quoted more low, it is necessary to re-read in connection with discussed by us
90 years after the publication its book (in 1776), that were required almost
Great Britain became the first country which has established in 1860 full freedom
Trade. But the idea extended quickly, and if not political reaction,
Called by Great French revolution and Napoleonic wars, it,
Undoubtedly, has born fruit much more likely. The effective educational
Movement in this area has begun only in 1819, and only disinterested
Efforts of few people who have devoted to propagation of these ideas through
The organised Movement of free trade, danger has been overcome,
Threatening as their Smith named, "from outside enraged and disappointed
John Porteous, New Statesman, 14 Jan. l977: "400 has laid down it seemed back
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