Practically All Government Attempts To Redistribute Wealth

The Most Obvious And Yet The Oldest And Most Stubborn Error On Which The Appeal Of Inflation Rests Is That Of Confusing ‘money’ With ‘wealth’…real Wealth, Of Course, Consists In What Is Produced And Consumed: The Food We Eat, The Clothes We Wear, The Houses We Live In. It Is Railways And Roads And Motor Cars; Ships And Planes And Factories; Schools And Churches And Theaters; Pianos, Paintings And Books. Yet So Powerful Is The Verbal Ambiguity That Confuses Money With Wealth, That Even Those Who At Times Recognize The Confusion Will Slide Back Into It In The Course Of Their Reasoning.

The Bad Economist Sees Only What Immediately Strikes The Eye; The Good Economist Also Looks Beyond. The Bad Economist Sees Only The Direct Consequences Of A Proposed Course; The Good Economist Looks Also At The Longer And Indirect Consequences. The Bad Economists Sees Only What The Effect Of A Given Policy Has Been Or Will Be On One Particular Group; The Good Economist Inquires Also What The Effect Of The Policy Will Be On All Groups

There Is No More Certain Way To Deter Employment Than To Harass And Penalize Employers.

Libertarians Are Learning To Their Sorrow That Big Businessmen Cannot Necessarily Be Relied Upon To Be Their Allies In The Battle Against Extension Of Governmental Encroachments.

The Crying Need Today Is Not For More Laws, But For Fewer. The World Must Be Saved From Its Saviors. If The Friends Of Liberty And Law Could Have Only One Slogan It Should Be: Stop The Remedies!