The Army Of Relief And Other Subsidy

The Surest Way For A Poor Nation To Stay Poor Is To Harass, Hobble, And Straitjacket Private Enterprise Or To Discourage Or Destroy It By Subsidized Government Competition, Oppressive Taxation, Or Outright Expropriation.

Inflation Is A Form Of Tax, A Tax That We All Collectively Must Pay.

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.

In Order That One Industry Might Grow Or Come Into Existence, A Hundred Other Industries Would Have To Shrink.

Prolonged Inflation Never 'stimulates' The Economy. On The Contrary, It Unbalances, Disrupts, And Misdirects Production And Employment.