There Is No Good Way Of Measuring

The Long-range Sloution To High Unemployment Is To Increase The Incentive For Ordinary People To Save, Invest, Work, And Employ Others. We Make It Costly For Employers To Employ People; We Subsidize People Not To Go To Work We Have A System That Increasingly Taxes Work And Subsidizes Nonwork.

The Great Depression In The United States, Far From Being A Sign Of The Inherent Instability Of The Private Enterprise System, Is A Testament To How Much Harm Can Be Done By Mistakes On The Part Of A Few Men When They Wield Vast Power Over The Monetary System Of The Country.

The Only Relevant Test Of The Validity Of A Hypothesis Is Comparison Of Prediction With Experience.

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.

What's The Difference? How Can People Be So Inconsistent? Why Is It That Free Immigration Was A Good Thing Before 1914 And Free Immigration Is A Bad Thing Today? Well, There Is A Sense In Which That Answer Is Right. There's A Sense In Which Free Immigration, In The Same Sense As We Had It Before 1914 Is Not Possible Today. Why Not?