The Power To Do Good Is Also

When Everybody Owns Something, Nobody Owns It, And Nobody Has A Direct Interest In Maintaining Or Improving Its Condition. That Is Why Buildings In The Soviet Union - Like Public Housing In The United States - Look Decrepit Within A Year Or Two Of Their Construction.

Spending By Government Currently Amounts To About 45 Percent Of National Income. By That Test, Government Owns 45 Percent Of The Means Of Production That Produce The National Income. The U.s. Is Now 45 Percent Socialist.

I Believe That The Monetary Stability Is An Absolutely Critical Element In The Satisfactory Operation Of A System.

The Combination Of Economic And Political Power In The Same Hands Is A Sure Recipe For Tyranny.

If You Continue To Use Monetary Policy To Attempt To Promote Full Employment The Result Would Be That You Would Have Higher Inflation, And That You Would Not Have Lower Unemployment.