The Long-range Sloution To High Unemployment Is

There Is Likely To Be A Lag Between The Need For Action And Government ["an Individual's" Or "a Team's"] Recognition Of The Need; A Further Lag Between Recognition Of The Need For Action And The Taking Of Action; And A Still Further Lag Between The Action And Its Effects

Doing Good With Other People's Money Has Two Basic Flaws. In The First Place, You Never Spend Anybody Else's Money As Carefully As You Spend Your Own. So A Large Fraction Of That Money Is Inevitably Wasted. In The Second Place, And Equally Important, You Cannot Do Good With Other People's Money Unless You First Get The Money Away From Them. So That Force - Sending A Policeman To Take The Money From Somebody's Pocket - Is Fundamentally At The Basis Of The Philosophy Of The Welfare State.

It All Would Have Been Much Better If Individuals Saved For Their Own Old Age.

Politicians Will Always Spend Every Penny Of Tax Raised And Whatever Else They Can Get Away With.

Positive Economics Is In Principle Independent Of Any Particular Ethical Position Or Normative Judgment...in Short, Positive Economics Is Or Can Be An "objective" Science.