Everybody Thinks Of Economics Whether

The Luxury Of Today Is The Necessity Of Tomorrow. Every Advance First Comes Into Being As The Luxury Of A Few Rich People, Only To Become, After A Time, An Indispensable Necessity Taken For Granted By Everyone. Luxury Consumption Provides Industry With The Stimulus To Discover And Introduce New, Things. It Is One Of The Dynamic Factors In Our Economy. To It We Owe The Progressive Innovations By Which The Standard Of Living Of All Strata Of The Population Has Been Gradually Raised.

It Is Important To Remember That Government Interference Always Means Either Violent Action Or The Threat Of Such Action. Government Is In The Last Resort The Employment Of Armed Men, Of Policemen, Gendarmes, Soldiers, Prison Guards, And Hangmen. The Essential Feature Of Government Is The Enforcement Of Its Decrees By Beating, Killing, And Imprisoning. Those Who Are Asking For More Government Interference Are Asking Ultimately For More Compulsion And Less Freedom.

The Study Of Economics Has Been Again And Again Led Astray By The Vain Idea That Economics Must Proceed According To The Pattern Of Other Sciences.

Government Spending Cannot Create Additional Jobs. If The Government Provides The Funds Required By Taxing The Citizens Or By Borrowing From The Public, It Abolishes On The One Hand As Many Jobs As It Creates On The Other.

In A Game There Are Winners And Losers. But A Business Deal Is Always Advantageous For Both Parties. If Both The Buyer And The Seller Were Not To Consider The Transaction As The Most Advantageous Action They Could Choose Under The Prevailing Conditions, They Would Not Enter Into The Deal.