Need Is Not Demand. Effective Economic Demand

Some Champions Of Ever-greater Governmental Power And Spending Invent The Theory That The Taxpayers, Left To Themselves, Spend The Money They Have Earned Very Foolishly, On All Sorts Of Trivialities And Rubbish, And That Only The Bureaucrats, By First Seizing It From Them, Will Know How To Spend It Wisely.

One Of The Worst Features Of All The Plans For Sharing Wealth And Equalizing Or Guaranteeing Incomes Is That They Lose Sight Of The Conditions And Institution S That Are Necessary To Create Wealth And Income In The First Place.

..either Immediately Or Ultimately Every Dollar Of Government Spending Must Be Raised Through A Dollar Of Taxation. Once We Look At The Matter. In This Way, The Supposed Miracles Of Government Spending Will Appear In Another Light.

The Envious Are More Likely To Be Mollified By Seeing Others Deprived Of Some Advantage Than By Gaining It For Themselves. It Is Not What They Lack That Chiefly Troubles Them, But What Others Have.

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.