The Envious Are More Likely To Be

In Order That One Industry Might Grow Or Come Into Existence, A Hundred Other Industries Would Have To Shrink.

Once The Idea Is Accepted That Money Is Something Whose Supply Is Determined Simply By The Printing Press, It Becomes Impossible For The Politicians In Power To Resist The Constant Demands For Further Inflation.

The Consequences Of Inflation Are Malinvestment, Waste, A Wanton Redistribution Of Wealth And Income, The Growth Of Speculation And Gambling, Immorality And Corruption, Disillusionment, Social Resentment, Discontent, Upheaval And Riots, Bankruptcy, Increased Government Controls, And Eventual Collapse.

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

All Subsidy Measures, All Schemes To Redistribute Income Or To Force Peter To Support Paul, Are One-eyed As Well As Shortsighted. They Get Their Immediate Appeal By Focusing Attention On The Alleged Needs Of Some Particular Group Of Intended Beneficiaries. But The Inevitable Victims - Those Who Are Going To Be Asked To Pay For The New Handout In Increased Taxes (which Directly Or Indirectly Means Almost Everybody Else) - Are Left Out Of Account. Only One-half Of The Problem Has Been Seen. The Cost Of The Proposed Solution Has Been Overlooked.