For Every Alleged Benefit That The Politicians

Bureaucrats Denounce Private Enterprise For The Consequences Of Their Own Reckless Policies And Demand Still More Governmental Controls.

The Monetary Managers Are Fond Of Telling Us That They Have Substituted 'responsible Money Management' For The Gold Standard. But There Is No Historic Record Of Responsible Paper Money Management ... The Record Taken, As A Whole Is One Of Hyperinflation, Devaluation And Monetary Chaos.

The Way To Get A Maximum Rate Of 'economic Growth' Assuming This To Be Our Aim - Is To Give Maximum Encouragement To Production, Employment, Saving, And Investment. And The Way To Do This Is To Maintain A Free Market And A Sound Currency.

The First (lesson) Which We Meet Again And Again In History, Is That Once The Dole Or Similar Relief Programs Are Introduced, They Seem Almost Inevitably - Unless Surrounded By The Most Rigid Restrictions - To Get Out Of Hand. The Second Lesson Is That Once This Happens The Poor Become More Numerous And Worse Off Than They Were Before, Not Only Because They Have Lost Self-reliance, But Because The Sources Of Wealth And Production On Which They Depend For Either Doles Or Jobs Are Diminished Or Destroyed.

Government-to-government Aid Rests On Socialistic Assumptions And Promotes Socialism And Stagnation, Whereas Private Foreign Investment Rest On Capitalist Assumptions And Promotes Private Enterprise And Maximum Economic Growth.