Practically All Government Attempts To Redistribute Wealth

Once The Idea Is Accepted That Money Is Something Whose Supply Is Determined Simply By The Printing Press, It Becomes Impossible For The Politicians In Power To Resist The Constant Demands For Further Inflation.

There Are Men Regarded Today As Brilliant Economists, Who Deprecate Saving And Recommend Squandering On A National Scale As The Way Of Economic Salvation; And When Anyone Points To What The Consequences Of These Policies Will Be In The Long Run, They Reply Flippantly, As Might The Prodigal Son Of A Warning Father: 'in The Long Run We Are All Dead.' And Such Shallow Wisecracks Pass As Devastating Epigrams And The Ripest Wisdom.

The Capitalist System Has Lifted Mankind Out Of Mass Poverty. It Is This System That In The Last Century, In The Last Generation, Even In The Last Decade, Has Acceleratively Been Changing The Face Of The World, And Has Provided The Masses Of Mankind With Amenities That Even Kings Did Not Possess Or Imagine A Few Generations Ago.

There Are Millions Receiving Government Payments Who Have Come To Consider Them As An Earned Right, Who Of Course Find Them Inadequate, And Who Are Outraged At The Slightest Suggestion Of A Critical Re-examination Of The Subject. The Political Pressure For Constant Extension And Increase Of These Benefits Is Almost Irresistible.

When Each Of Us Is Free To Work Out His Own Economic Destiny, Within The Framework Of The Market Economy, The Institution Of Private Property, And The General Rule Of Law, We Will All Improve Our Economic Condition Much Faster Than When We Are Ordered Around By Bureaucrats.