If There Is To Be No Loss

The State, Of Course, Is Absolutely Indispensable To The Preservation Of Law And Order, And The Promotion Of Peace And Social Cooperation. What Is Unnecessary And Evil, What Abridges The Liberty And Threatens The True Welfare Of The Individual, Is The State That Has Usurped Excessive Powers And Grown Beyond Its Legitimate Function - The Super-state, The Socialist State, The Redistributive State, In Brief, The Ironically Misnamed 'welfare State.'

When Any Welfare Scheme Is Being Proposed, Its Political Sponsors Always Dwell On What A Generous And Compassionate Government Should Pay To Paul; They Neglect To Mention That This Additional Money Must Be Seized From Peter.

In A Thousand Fields The Welfarists, Statists, Socialists, And Interventionists Are Daily Driving For More Restrictions On Individual Liberty.

Mere Inflation-that Is, The Mere Issuance Of More Money, With The Consequence Of Higher Wages And Prices-may Look Like The Creation Of More Demand. But In Terms Of The Actual Production And Exchange Of Real Things It Is Not.

Short-sighted And Impatient Efforts To Wipe Out Poverty By Severing The Connection Between Effort And Reward Can Only Lead To The Growth Of A Totalitarian State, And Destroy The Economic Progress That This Country Has So Dearly Bought.