History Suggests That Capitalism Is A Necessary

Prohibition Is An Attempted Cure That Makes Matters Worse - For Both The Addict And The Rest Of Us.

The Power To Determine The Quantity Of Money... Is Too Important, Too Pervasive, To Be Exercised By A Few People, However Public-spirited, If There Is Any Feasible Alternative. There Is No Need For Such Arbitrary Power... Any System Which Gives So Much Power And So Much Discretion To A Few Men, [so] That Mistakes - Excusable Or Not - Can Have Such Far Reaching Effects, Is A Bad System. It Is A Bad System To Believers In Freedom Just Because It Gives A Few Men Such Power Without Any Effective Check By The Body Politic - This Is The Key Political Argument Against An Independent Central Bank.

You Had A Flood Of Immigrants, Millions Of Them, Coming To This Country. What Brought Them Here? It Was The Hope For A Better Life For Them And Their Children. And, In The Main, They Succeeded. It Is Hard To Find Any Century In History, In Which So Large A Number Of People Experience So Great An Improvement In The Conditions Of Their Life, In The Opportunities Open To Them, As In The Period Of The 19th And Early 20th Century.

The Strongest Argument For Free Enterprise Is That It Prevents Anybody From Having Too Much Power. Whether That Person Is A Government Official, A Trade Union Official, Or A Business Executive. If Forces Them To Put Up Or Shut Up. They Either Have To Deliver The Goods, Produce Something That People Are Willing To Pay For, Are Willing To Buy, Or Else They Have To Go Into A Different Business.

A Minimum-wage Law Is, In Reality, A Law That Makes It Illegal For An Employer To Hire A Person With Limited Skills.