The State, Of Course, Is Absolutely Indispensable

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

Once The Premise Is Accepted That Poverty Is Never The Fault Of The Poor But The Fault Of 'society,' Or Of 'the Capitalist System, Then There Is No Definable Limit To Be Set On Relief, And The Politicians Who Want To Be Elected Or Reelected Will Compete With Each Other In Proposing New 'welfare' Programs To Fill Some Hitherto 'unmet Need.'

A Hundred Welfare Programs, Spending More And More Billions, Lead To Chronic Budget Deficits, Which Lead To Increased Paper-money Issues, Which Lead To Higher Prices.

There Can Be Little Doubt That Many Egalitarians Are Motivated At Least Partly By Envy.

The First (lesson) Which We Meet Again And Again In History, Is That Once The Dole Or Similar Relief Programs Are Introduced, They Seem Almost Inevitably - Unless Surrounded By The Most Rigid Restrictions - To Get Out Of Hand. The Second Lesson Is That Once This Happens The Poor Become More Numerous And Worse Off Than They Were Before, Not Only Because They Have Lost Self-reliance, But Because The Sources Of Wealth And Production On Which They Depend For Either Doles Or Jobs Are Diminished Or Destroyed.