The System Of Capitalism, Of The Market

When People Who Earn More Than The Average Have Their 'surplus', Or The Greater Part Of It, Seized From Them In Taxes, And When People Who Earn Less Than Average Have The Deficiency , Or The Greater Part Of It, Turned Over To Them In Hand-outs And Doles, The Production Of All Must Sharply Decline; For The Energetic And Able Who Lose Their Incentive To Produce More Than The Average, And The Slothful And Unskilled Lose Their Incentive To Improve Their Condition.

It Is Often Sadly Remarked That The Bad Economists Present Their Errors To The Public Better Than The Good Economists Present Their Truths. It Is Often Complained That Demagogues Can Be More Plausible In Putting Forward Economic Nonsense From The Platform Than The Honest Men Who Try To Show What Is Wrong With It.

Government-to-government Aid Rests On Socialistic Assumptions And Promotes Socialism And Stagnation, Whereas Private Foreign Investment Rest On Capitalist Assumptions And Promotes Private Enterprise And Maximum Economic Growth.

There Is No More Certain Way To Deter Employment Than To Harass And Penalize Employers.

A Hundred Welfare Programs, Spending More And More Billions, Lead To Chronic Budget Deficits, Which Lead To Increased Paper-money Issues, Which Lead To Higher Prices.