A Private Enterprise System Needs Some Measuring

Money Is A Very Powerful Thing, Which You Hardly Notice When It Goes Right, But Which Can Create Havoc When It Goes Wrong.

We Have A Freer World Because Of The Collapse Of The Soviet Union And The Changes In China. Those Two Have Been The Main Contributors To Freedom In Our Time.

By Encouraging Men To Spy And Report On One Another, By Making It In The Private Interest Of Large Numbers Of Citizens To Evade The Controls, And By Making Actions Illegal That Are In The Public Interest, The Controls Undermine Individual Morality.

I Believe That The Monetary Stability Is An Absolutely Critical Element In The Satisfactory Operation Of A System.

For Example, The Supporters Of Tariffs Treat It As Self-evident That The Creation Of Jobs Is A Desirable End, In And Of Itself, Regardless Of What The Persons Employed Do. That Is Clearly Wrong. If All We Want Are Jobs, We Can Create Any Number--for Example, Have People Dig Holes And Then Fill Them Up Again, Or Perform Other Useless Tasks. Work Is Sometimes Its Own Reward. Mostly, However, It Is The Price We Pay To Get The Things We Want. Our Real Objective Is Not Just Jobs But Productive Jobs--jobs That Will Mean More Goods And Services To Consume.