Government Planning Always Involves Compulsion.

A Certain Amount Of Taxes Is Of Course Indispensable To Carry On Essential Government Functions. Reasonable Taxes For This Purpose Need Not Hurt Production Much.

In A Thousand Fields The Welfarists, Statists, Socialists, And Interventionists Are Daily Driving For More Restrictions On Individual Liberty.

The System Of Capitalism, Of The Market Economy, Is A System Of Freedom, Of Justice, Of Productivity. But These Three Virtues Cannot Be Separated. Each Flows Out Of The Other.

..either Immediately Or Ultimately Every Dollar Of Government Spending Must Be Raised Through A Dollar Of Taxation. Once We Look At The Matter. In This Way, The Supposed Miracles Of Government Spending Will Appear In Another Light.

In A Free Enterprise System, With An Honest And Stable Money, There Is Dominantly A Close Link Between Effort And Productivity, On The One Hand, And Economic Reward On The Other. Inflation Severs This Link. Reward Comes To Depend Less And Less On Effort And Production, And More And More On Successful Gambling And Luck.