In A Free Enterprise System, With An

To Try To Cure Unemployment By Inflation Rather Than By Adjustment Of Specific Wage-rates Is Like Trying To Adjust The Piano To The Stool Rather Than The Stool To The Piano.

Precisely Because The State Has The Monopoly Of Coercion It Can Be Allowed The Monopoly Only Of Coercion. Only If The Modern State Can Be Held Within A Strictly Limited Agency Of Duties And Powers Can It Be Prevented From Regimenting, Conquering, And Ultimately Devouring The Society Which Gave It Birth.

What Is Put Into The Hands Of B Cannot Be Put Into The Hands Of A.

Would-be Income Guarantors Ignore Or Despise The Capitalistic System That Makes Their Dreams Dreamable And Gives Their Redistribute-the-income Proposals Whatever Plausibility They Have.

All Subsidy Measures, All Schemes To Redistribute Income Or To Force Peter To Support Paul, Are One-eyed As Well As Shortsighted. They Get Their Immediate Appeal By Focusing Attention On The Alleged Needs Of Some Particular Group Of Intended Beneficiaries. But The Inevitable Victims - Those Who Are Going To Be Asked To Pay For The New Handout In Increased Taxes (which Directly Or Indirectly Means Almost Everybody Else) - Are Left Out Of Account. Only One-half Of The Problem Has Been Seen. The Cost Of The Proposed Solution Has Been Overlooked.