The Middle-of-the-road Policy Is Not An Economic

The Study Of Economics Has Been Again And Again Led Astray By The Vain Idea That Economics Must Proceed According To The Pattern Of Other Sciences.

Some Think That They Will Exercise Power For The General Good, But That Is What All Those With Power Have Believed. Power Is Evil In Itself, Regardless Of Who Exercises It.

There Is No Such Thing As A Just And Fair Method Of Exercising The Tremendous Power That Interventionism Puts Into The Hands Of The Legislature And The Executive.

The Bureaucrat Is Not Free To Aim At Improvement. He Is Bound To Obey Rules And Regulations Established By A Superior Body. He Has No Right To Embark Upon Innovations If His Superiors Do Not Approve Of Them. His Duty And His Virtue Is To Be Obedient.

There Prevails On A Free Labor Market A Tendency Toward Full Employment.