Government-to-government Aid Rests On Socialistic Assumptions And

In A Free Enterprise System, With An Honest And Stable Money, There Is Dominantly A Close Link Between Effort And Productivity, On The One Hand, And Economic Reward On The Other. Inflation Severs This Link. Reward Comes To Depend Less And Less On Effort And Production, And More And More On Successful Gambling And Luck.

What Is Put Into The Hands Of B Cannot Be Put Into The Hands Of A.

It Is Possible To Increase Paper-money Income To Any Amount By Debasing The Currency. But Real Income Can Only Be Increased By Working Harder Or More Efficiently, Saving More, Investing More, And Producing More.

The Whole Gospel Of Karl Marx Can Be Summed Up In A Single Sentence: Hate The Man Who Is Better Off Than You Are. Never Under Any Circumstances Admit That His Success May Be Due To His Own Efforts, To The Productive Contribution He Has Made To The Whole Community. Always Attribute His Success To The Exploitation, The Cheating, The More Or Less Open Robbery Of Others. Never Under Any Circumstances Admit That Your Own Failure May Be Owing To Your Own Weakness, Or That The Failure Of Anyone Else May Be Due To His Own Defects - His Laziness, Incompetence, Improvidence, Or Stupidity.

The Larger The Percentage Of The National Income Taken By Taxes The Greater The Deterrent To Private Production And Employment. When The Total Tax Burden Grows Beyond A Bearable Size, The Problem Of Devising Taxes That Will Not Discourage And Disrupt Production Becomes Insoluble.