The Natural Tendency Of Government, Once In

The General Theory Was Not Truly Revolutionary At All But Merely Old And Oft-refuted Mercantilist And Inflationist Fallacies Dressed Up In Shiny New Garb, Replete With Newly Constructed And Largely Incomprehensible Jargon.

Pollution And Overuse Of Resources Stem Directly From The Failure Of Government To Defend Private Property. If Property Rights Were To Be Defended Adequately, We Would Find That Here, As In Other Areas Of Our Economy And Society, Private Enterprise And Modern Technology Would Come Not As A Curse To Mankind But As Its Salvation.

While Big-business Leaders And Firms Can Be Highly Productive, Servants Of Consumers In A Free Market Economy, They Are Also All Too Often, Seekers After Subsidies, Contracts, Privileges, Or Cartels Furnished By Big Government. Often, Business Lobbyists And Leaders Are The Sparkplugs For The Statist, Interventionist System.

Monetary Expansion Is A Massive Scheme Of Hidden Redistribution.

If Government Manages To Establish Paper Tickets Or Bank Credit As Money, As Equivalent To Gold Grams Or Ounces, Then The Government, As Dominant Money-supplier, Becomes Free To Create Money Costlessly And At Will. As A Result, This 'inflation' Of The Money Supply Destroys The Value Of The Dollar Or Pound, Drives Up Prices, Cripples Economic Calculation, And Hobbles And Seriously Damages The Workings Of The Market Economy.