A Man Who Is Good From Docility,

The Times Call For Courage. The Times Call For Hard Work. But If The Demands Are High, It Is Because The Stakes Are Even Higher. They Are Nothing Less Than The Future Of Human Liberty, Which Means The Future Of Civilization.

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 Relief Tends Constantly To Get Out Of Hand. And Even When It Is Kept Within Reasonable Bounds It Tends To Reduce The Incentives To Work And To Save Both Of Those Who Receive It And Of Those Who Are Forced To Pay It. It May Be Said, In Fact, That Practically Every Measure That Governments Take With The Ostensible Object Of 'helping The Poor' Has The Long-run Effect Of Doing The Opposite.

A Vital Function Of The Free Market Is To Penalize Inefficiency And Misjudgment And To Reward Efficiency And Good Judgment. By Distorting Economic Calculations And Creating Illusory Profits, Inflation Will Destroy This Function.

Today Is Already The Tomorrow Which The Bad Economist Yesterday Urged Us To Ignore.