It Is Often Sadly Remarked That The

Today Is Already The Tomorrow Which The Bad Economist Yesterday Urged Us To Ignore.

We Cannot Distribute More Wealth Than Is Created. We Cannot In The Long Run Pay Labor As A Whole More Than It Produces.

We Are So Accustomed To The Miracle Of Private Enterprise That We Habitually Take It For Granted. But How Does Private Industry Solve The Incredibly Complex Problem Of Turning Out Tens Of Thousands Of Different Goods And Services In The Proportions In Which They Are Wanted By The Public? ... It Solves These Problems Through The Institutions Of Private Property, Competition, The Free Market, And The Existence Of Money - Through The Interrelations Of Supply And Demand, Costs And Prices, Profits And Losses.

Capitalism Will Continue To Eliminate Mass Poverty In More And More Places And To An Increasingly Marked Extent If It Is Merely Permitted To Do So.

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.