There Is No More Certain Way To

Diluting The Money Supply With Paper Is The Moral Equivalent Of Diluting The Milk Supply With Water.

No Matter Whether It Is Their Intention Or Not, Almost Anything That The Rich Can Legally Do Tends To Help The Poor. The Spending Of The Rich Gives Employment To The Poor. But The Saving Of The Rich, And Their Investment Of These Savings In The Means Of Production, Gives Just As Much Employment, And In Addition Makes That Employment Constantly More Productive And More Highly Paid, While It Also Constantly Increases And Cheapens The Production Of Necessities And Amenities For The Masses.

Bureaucrats Denounce Private Enterprise For The Consequences Of Their Own Reckless Policies And Demand Still More Governmental Controls.

Government Relief Tends Constantly To Get Out Of Hand. And Even When It Is Kept Within Reasonable Bounds It Tends To Reduce The Incentives To Work And To Save Both Of Those Who Receive It And Of Those Who Are Forced To Pay It. It May Be Said, In Fact, That Practically Every Measure That Governments Take With The Ostensible Object Of 'helping The Poor' Has The Long-run Effect Of Doing The Opposite.

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.