Yet It Ought To Be Clear That

Government Planning Always Involves Compulsion.

Some Champions Of Ever-greater Governmental Power And Spending Invent The Theory That The Taxpayers, Left To Themselves, Spend The Money They Have Earned Very Foolishly, On All Sorts Of Trivialities And Rubbish, And That Only The Bureaucrats, By First Seizing It From Them, Will Know How To Spend It Wisely.

Economics Is Haunted By More Fallacies Than Any Other Study Known To Man. This Is No Accident. The Inherent Difficulties Of The Subject Would Be Great Enough In Any Case, But They Are Multiplied A Thousandfold By A Factor That Is Insignificant In, Say, Physics, Mathematics Or Medicine - The Special Pleading Of Selfish Interests.

The Superior Freedom Of The Capitalist System, Its Superior Justice, And Its Superior Productivity Are Not Three Superiorities, But One. The Justice Follows From The Freedom And The Productivity Follows From The Freedom And The Justice.

Need Is Not Demand. Effective Economic Demand Requires Not Merely Need But Corresponding Purchasing Power.