Economics Is Haunted By More Fallacies Than

The Quickest And Surest Way To Production, Prosperity, And Economic Growth Is Through Private Enterprise. The Best Way For Governments To Encourage Private Enterprise Is To Establish Justice, To Enforce Contracts, To Insure Domestic Peace And Tranquility, To Protect Private Property, And To Secure The Blessings Of Liberty Including Economic Liberty - Which Means To Stop Putting Obstacles In The Way Of Private Enterprise.

In Practice [monetary Management] Is Merely A High-sounding Euphemism For Continuous Currency Debasement. It Consists Of Constant Lying In Order To Support Constant Swindling. Instead Of Automatic Currencies Based On Gold, People Are Forced To Take Managed Currencies Based On Guile. Instead Of Precious Metals They Hold Paper Promises Whose Value Falls With Every Bureaucratic Whim. And They Are Suavely Assured That Only Hopelessly Antiquated Minds Dream Of Returning To Truth And Honesty And Solvency And Gold.

The More Things A Government Undertakes To Do, The Fewer Things It Can Do Completely. When The Government Tries To Do Everything It Must Do Everything Badly.

Socialists Will Often Talk As If Some Form Of Superbly Equalized Destitution Were Preferable To "maldistributed" Plenty. A National Income That Is Rapidly Growing In Absolute Terms For Practically Everyone Will Be Deplored Because It Is Making The Rich Richer.

Government Provided Free Tuition Tends More And More To Produce A Uniform Conformist Education, With College Faculties Ultimately Dependent For Their Jobs On The Government, And So Developing An Economic Interest In Profession And Teaching A Statist, Pro-government, And Socialist Ideology.