The Surest Way For A Poor Nation

To Try To Cure Unemployment By Inflation Rather Than By Adjustment Of Specific Wage-rates Is Like Trying To Adjust The Piano To The Stool Rather Than The Stool To The Piano.

The Times Call For Courage. The Times Call For Hard Work. But If The Demands Are High, It Is Because The Stakes Are Even Higher. They Are Nothing Less Than The Future Of Human Liberty, Which Means The Future Of Civilization.

Contrary To Age-old Prejudices, The Wealth Of The Rich Is Not The Cause Of The Poverty Of The Poor, But Helps To Alleviate That Poverty.

The Vital Consideration Of Incentives Is Almost Systematically Overlooked In The Proposals Of Agitators For More And Bigger Government Welfare Schemes. We Should All Be Concerned About The Plight Of The Poor And Unfortunate. But The Hard Two-part Question That Any Plan For Relieving Poverty Must Answer Is: How Can We Mitigate The Penalties Of Failure And Misfortune Without Undermining The Incentives To Effort And Success.

Short-sighted And Impatient Efforts To Wipe Out Poverty By Severing The Connection Between Effort And Reward Can Only Lead To The Growth Of A Totalitarian State, And Destroy The Economic Progress That This Country Has So Dearly Bought.