Prolonged Inflation Never 'stimulates' The Economy. On

The Tendency Of Welfare Spending In The United States Has Been To Increase At An Exponential Rate.

The Proposal Is Frequently Made That The Government Ought To Assume The Risks That Are "too Great For Private Industry." This Means That Bureaucrats Should Be Permitted To Take Risks With The Tax Payer's Money That No One Is Willing To Take With His Own.

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

The Way To Get A Maximum Rate Of 'economic Growth' Assuming This To Be Our Aim - Is To Give Maximum Encouragement To Production, Employment, Saving, And Investment. And The Way To Do This Is To Maintain A Free Market And A Sound Currency.

The Only Real Cure For Poverty Is Production.