The More Things A Government Undertakes To

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.

When The Government Makes Loans Or Subsidies To Business, What It Does Is To Tax Successful Private Business In Order To Support Unsuccessful Private Business.

To Try To Cure Unemployment By Inflation Rather Than By Adjustment Of Specific Wage-rates Is Like Trying To Adjust The Piano To The Stool Rather Than The Stool To The Piano.

The Monetary Managers Are Fond Of Telling Us That They Have Substituted 'responsible Money Management' For The Gold Standard. But There Is No Historic Record Of Responsible Paper Money Management ... The Record Taken, As A Whole Is One Of Hyperinflation, Devaluation And Monetary Chaos.

A Certain Amount Of Taxes Is Of Course Indispensable To Carry On Essential Government Functions. Reasonable Taxes For This Purpose Need Not Hurt Production Much.