The Essential Function Of The State Is

Economics Is Haunted By More Fallacies Than Any Other Study Known To Man. This Is No Accident. The Inherent Difficulties Of The Subject Would Be Great Enough In Any Case, But They Are Multiplied A Thousandfold By A Factor That Is Insignificant In, Say, Physics, Mathematics Or Medicine - The Special Pleading Of Selfish Interests.

The More 'adequate' We Make Relief, The More People We Are Going To Find Willing To Get On It And Stay On It Indefinitely. The More We Try To Make Sure That Everybody Really In Need Of Relief Gets It, The More Certain We Can Be That We Are Also Giving It To People Who Neither Need Nor Deserve It.

Inflation Makes The Extension Of Socialism Possible By Providing The Financial Chaos In Which It Flourishes. The Fact Is That Socialism And Inflation Are Cause And Effect, They Feed On Each Other!

If Precious Metals Had Been Abundant, They Would Not Have Been Precious.

Economics Is Haunted By More Fallacies Than Any Other Study Known To Man