Inflation Is Not Only Unnecessary For Economic

Everywhere The Means Is Erected Into The End, And The End Itself Is Forgotten.

When Your Money Is Taken By A Thief, You Get Nothing In Return. When Your Money Is Taken Through Taxes To Support Needless Bureaucrats, Precisely The Same Situation Exists. We Are Lucky, Indeed, If The Needless Bureaucrats Are Mere Easy-going Loafers. They Are More Likely Today To Be Energetic Reformers Busily Discouraging And Disrupting Production.

The Real Solution To The Problem Of Poverty Consists In Finding How To Increase The Employment And Earning Power Of The Poor.

The Question Is Not Whether We Wish To See Everybody As Well Off As Possible. Among Men Of Good Will Such An Aim Can Be Taken For Granted. The Real Question Concerns The Proper Means Of Achieving It. And In Trying To Answer This We Must Never Lose Sight Of A Few Elementary Truisms. We Cannot Distribute More Wealth Than Is Created. We Cannot In The Long Run Pay Labor As A Whole More Than It Produces.

Relief, Or Redistribution Of Income, Voluntary Or Coerced, Is Never The True Solution Of Poverty, But At Best A Makeshift, Which May Mask The Disease And Mitigate The Pain, But Provides No Basic Cure.