Falling Prices Through Increased Production Is A

The Necessary Consequence Of An Egalitarian Program Is The Decidedly Inegalitarian Creation Of A Ruthless Power Elite.

The More Consistently Austrian School An Economist Is, The Better A Writer He Will Be.

If Government Manages To Establish Paper Tickets Or Bank Credit As Money, As Equivalent To Gold Grams Or Ounces, Then The Government, As Dominant Money-supplier, Becomes Free To Create Money Costlessly And At Will. As A Result, This 'inflation' Of The Money Supply Destroys The Value Of The Dollar Or Pound, Drives Up Prices, Cripples Economic Calculation, And Hobbles And Seriously Damages The Workings Of The Market Economy.

The Modern Welfare State, Highly Touted As Soaking The Rich To Subsidize The Poor, Does No Such Thing. In Fact, Soaking The Rich Would Have Disastrous Effects, Not Just For The Rich But For The Poor And Middle Classes Themselves. For It Is The Rich Who Provide A Proportionately Greater Amount Of Saving, Investment Capital, Entrepreneurial Foresight, And Financing Of Technological Innovation That Has Brought The Unites States To By Far The Highest Standard Of Living - For The Mass Of The People - Of Any Country In History.

The Costs Of Government Are Bound To Be Much Higher Than Those Of The Free Market. . .the State Cannot Calculate Well And Therefore Cannot Gauge Its Costs Accurately.