The Only Way Government Bureaucrats Know Of

The Great Merit Of Gold Is Precisely That It Is Scarce; That Its Quantity Is Limited By Nature; That It Is Costly To Discover, To Mine, And To Process; And That It Cannot Be Created By Political Fiat Or Caprice.

The Way To Get A Maximum Rate Of 'economic Growth' Assuming This To Be Our Aim - Is To Give Maximum Encouragement To Production, Employment, Saving, And Investment. And The Way To Do This Is To Maintain A Free Market And A Sound Currency.

The Times Call For Courage. The Times Call For Hard Work. But If The Demands Are High, It Is Because The Stakes Are Even Higher. They Are Nothing Less Than The Future Of Human Liberty, Which Means The Future Of Civilization.

Yet It Ought To Be Clear That A Minimum Wage Law Is, At Best, A Limited Weapon For Combatting The Evil Of Low Wages, And That The Possible Good To Be Achieved By Such A Law Can Exceed The Possible Harm Only In Proportion As Its Aims Are Mode.

There Are Men Regarded Today As Brilliant Economists, Who Deprecate Saving And Recommend Squandering On A National Scale As The Way Of Economic Salvation; And When Anyone Points To What The Consequences Of These Policies Will Be In The Long Run, They Reply Flippantly, As Might The Prodigal Son Of A Warning Father: 'in The Long Run We Are All Dead.' And Such Shallow Wisecracks Pass As Devastating Epigrams And The Ripest Wisdom.