I Know Of No Severe Depression, In

I Can Spend Somebody Else's Money On Somebody Else. And If I Spend Somebody Else's Money On Somebody Else, I'm Not Concerned About How Much It Is, And I'm Not Concerned About What I Get. And That's Government. And That's Close To 40 Percent Of Our National Income.

Every Businessman Is In Favor Of Freedom For Everybody Else, But When It Comes To Himself That's A Different Question. He's Always The Special Case. He Ought To Get Special Privileges From The Government, A Tariff, This, That And The Other Thing.

It Is True That A Competitive Market Is Not The Whole Of Society. A Great Deal Depends On The Qualities Of The Population And The Nation In How They Organize The Non-market Aspects Of Society.

Only Government Can Take Perfectly Good Paper, Cover It With Perfectly Good Ink And Make The Combination Worthless.

The True Test Of Any Scholar's Work Is Not What His Contemporaries Say, But What Happens To His Work In The Next 25 Or 50 Years.