The History Of Mankind Is

One Man's Opportunism Is Another Man's Statesmanship.

If Instead Of Looking At Income, You Look At Levels Of Consumption, If Anything That's Become More Equal. The Fraction Of Families That Have A Dishwasher, That Have A Sewing Machine, That Have A Television Set. In Respect To Consumption, It's Very Hard To Avoid The View That People Have Been Getting More Equal Rather Than More Unequal.

Prohibition Is An Attempted Cure That Makes Matters Worse - For Both The Addict And The Rest Of Us.

Consider Social Security. The Young Have Always Contributed To The Support Of The Old. Earlier, The Young Helped Their Own Parents Out Of A Sense Of Love And Duty. They Now Contribute To The Support Of Someone Else's Parents Out Of Compulsion And Fear. The Voluntary Transfers Strengthened The Bonds Of The Family; The Compulsory Transfers Weaken Those Bonds.

The Power To Determine The Quantity Of Money... Is Too Important, Too Pervasive, To Be Exercised By A Few People, However Public-spirited, If There Is Any Feasible Alternative. There Is No Need For Such Arbitrary Power.