There Can Be Little Doubt That Many

A Certain Amount Of Taxes Is Of Course Indispensable To Carry On Essential Government Functions. Reasonable Taxes For This Purpose Need Not Hurt Production Much.

New Taxes Are So Unpopular That Most 'social' Handout Schemes Are Originally Enacted Without Enough Increased Taxation To Pay For Them. The Result Is Chronic Government Deficits, Paid For By The Issuance Of Additional Paper Money.

Inflation Is Not Only Unnecessary For Economic Growth. As Long As It Exists It Is The Enemy Of Economic Growth.

There Can Be Little Doubt That Many Egalitarians Are Motivated At Least Partly By Envy.

There Is A Strange Idea Aboard, Held By All Monetary Cranks, That Credit Is Something A Banker Gives To A Man. Credit, On The Contrary, Is Something A Man Already Has. He Has It, Perhaps, Because He Already Has Marketable Assets Of A Greater Cash Value Than The Loan For Which He Is Asking. Or He Has It Because His Character And Past Record Have Earned It. He Brings It Into The Bank With Him. That Is Why The Banker Makes Him The Loan.