Government Is A Guarantor Of Liberty And

All Almsgiving Inevitably Tends To Pauperize The Recipient.

The Average American Worker Enjoys Amenities For Which Croesus, Crassus, The Medici, And Louis Xiv Would Have Envied Him.

You Know That The Population Is Of This Planet Is Now Ten Times Greater Than It Was In The Ages Preceding Capitalism.; You Know That All Men Today Enjoy A Higher Standard Of Living Than Your Ancestors Did Before The Age Of Capitalism. But How Do You Know That You Are The One Out Of Ten Who Would Have Lived In The Absence Of Capitalism? The Mere Fact That You Are Living Today Is Proof That Capitalism Has Succeeded, Whether Or Not You Consider Your Own Life Very Valuable.

True, Governments Can Reduce The Rate Of Interest In The Short Run. They Can Issue Additional Paper Money. They Can Open The Way To Credit Expansion By The Banks. They Can Thus Create An Artificial Boom And The Appearance Of Prosperity. But Such A Boom Is Bound To Collapse Soon Or Late And To Bring About A Depression.

To Defeat The Aggressors Is Not Enough To Make Peace Durable. The Main Thing Is To Discard The Ideology That Generates War.