Liberty Is The Essential Basis, The Sine

Contrary To Age-old Prejudices, The Wealth Of The Rich Is Not The Cause Of The Poverty Of The Poor, But Helps To Alleviate That Poverty.

It Is Often Sadly Remarked That The Bad Economists Present Their Errors To The Public Better Than The Good Economists Present Their Truths. It Is Often Complained That Demagogues Can Be More Plausible In Putting Forward Economic Nonsense From The Platform Than The Honest Men Who Try To Show What Is Wrong With It.

When People Who Earn More Than The Average Have Their 'surplus', Or The Greater Part Of It, Seized From Them In Taxes, And When People Who Earn Less Than Average Have The Deficiency , Or The Greater Part Of It, Turned Over To Them In Hand-outs And Doles, The Production Of All Must Sharply Decline; For The Energetic And Able Who Lose Their Incentive To Produce More Than The Average, And The Slothful And Unskilled Lose Their Incentive To Improve Their Condition.

The Superior Freedom Of The Capitalist System, Its Superior Justice, And Its Superior Productivity Are Not Three Superiorities, But One. The Justice Follows From The Freedom And The Productivity Follows From The Freedom And The Justice.

Government Welfarism, With Its Ever-increasing Army Of Pensioners And Other Beneficiaries, Is Fatally Easy To Launch And Fatally Easy To Extend, But Almost Impossible To Bring To A Halt - And Quite Impossible Politically To Reverse, No Matter How Obvious And Catastrophic Its Consequences Become.