The Only Real Cure For Poverty Is

The Tendency Of Welfare Spending In The United States Has Been To Increase At An Exponential Rate.

The Vital Consideration Of Incentives Is Almost Systematically Overlooked In The Proposals Of Agitators For More And Bigger Government Welfare Schemes. We Should All Be Concerned About The Plight Of The Poor And Unfortunate. But The Hard Two-part Question That Any Plan For Relieving Poverty Must Answer Is: How Can We Mitigate The Penalties Of Failure And Misfortune Without Undermining The Incentives To Effort And Success.

The Question Is Not Whether We Wish To See Everybody As Well Off As Possible. Among Men Of Good Will Such An Aim Can Be Taken For Granted. The Real Question Concerns The Proper Means Of Achieving It. And In Trying To Answer This We Must Never Lose Sight Of A Few Elementary Truisms. We Cannot Distribute More Wealth Than Is Created. We Cannot In The Long Run Pay Labor As A Whole More Than It Produces.

Libertarians Are Learning To Their Sorrow That Big Businessmen Cannot Necessarily Be Relied Upon To Be Their Allies In The Battle Against Extension Of Governmental Encroachments.

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