The Superior Freedom Of The

Economic Progress And Justice Do Not Consist In Superbly Equalized Destitution, But In The Constant Creation Of More And More Goods And Services, Of More And More Wealth And Income To Be Shared.

A Certain Amount Of Taxes Is Of Course Indispensable To Carry On Essential Government Functions. Reasonable Taxes For This Purpose Need Not Hurt Production Much.

Government Welfarism, With Its Ever-increasing Army Of Pensioners And Other Beneficiaries, Is Fatally Easy To Launch And Fatally Easy To Extend, But Almost Impossible To Bring To A Halt - And Quite Impossible Politically To Reverse, No Matter How Obvious And Catastrophic Its Consequences Become.

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 System Of Capitalism, Of The Market Economy, Is A System Of Freedom, Of Justice, Of Productivity. But These Three Virtues Cannot Be Separated. Each Flows Out Of The Other.