In A Thousand Fields The Welfarists, Statists,

When Your Money Is Taken By A Thief, You Get Nothing In Return. When Your Money Is Taken Through Taxes To Support Needless Bureaucrats, Precisely The Same Situation Exists. We Are Lucky, Indeed, If The Needless Bureaucrats Are Mere Easy-going Loafers. They Are More Likely Today To Be Energetic Reformers Busily Discouraging And Disrupting Production.

Government Planning Always Involves Compulsion.

All Loans, In The Eyes Of Honest Borrowers, Must Eventually Be Repaid. All Credit Is Debt. Proposals For An Increased Volume Of Credit, Therefore, Are Merely Another Name For Proposals For An Increased Burden Of Debt. They Would Seem Considerably Less Inviting If They Were Habitually Referred To By The Second Name Instead Of By The First.

When Any Welfare Scheme Is Being Proposed, Its Political Sponsors Always Dwell On What A Generous And Compassionate Government Should Pay To Paul; They Neglect To Mention That This Additional Money Must Be Seized From Peter.

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.