Mere Inflation-that Is, The Mere Issuance Of

One Of The Worst Features Of All The Plans For Sharing Wealth And Equalizing Or Guaranteeing Incomes Is That They Lose Sight Of The Conditions And Institution S That Are Necessary To Create Wealth And Income In The First Place.

Government-to-government Foreign Aid Promotes Statism, Centralized Planning, Socialism, Dependence, Pauperization, Inefficiency, And Waste. It Prolongs The Poverty It Is Designed To Cure. Voluntary Private Investment In Private Enterprise, On The Other Hand, Promotes Capitalism, Production, Independence, And Self-reliance.

When People Who Earn More Than The Average Have Their 'surplus', Or The Greater Part Of It, Seized From Them In Taxes, And When People Who Earn Less Than Average Have The Deficiency , Or The Greater Part Of It, Turned Over To Them In Hand-outs And Doles, The Production Of All Must Sharply Decline; For The Energetic And Able Who Lose Their Incentive To Produce More Than The Average, And The Slothful And Unskilled Lose Their Incentive To Improve Their Condition.

Prolonged Inflation Never 'stimulates' The Economy. On The Contrary, It Unbalances, Disrupts, And Misdirects Production And Employment.

When Any Welfare Scheme Is Being Proposed, Its Political Sponsors Always Dwell On What A Generous And Compassionate Government Should Pay To Paul; They Neglect To Mention That This Additional Money Must Be Seized From Peter.