The Art Of Economics Consists

Economics Is Haunted By More Fallacies Than Any Other Study Known To Man. This Is No Accident. The Inherent Difficulties Of The Subject Would Be Great Enough In Any Case, But They Are Multiplied A Thousandfold By A Factor That Is Insignificant In, Say, Physics, Mathematics Or Medicine - The Special Pleading Of Selfish Interests.

Prolonged Inflation Never 'stimulates' The Economy. On The Contrary, It Unbalances, Disrupts, And Misdirects Production And Employment.

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.

Multiculturalism Means Your Kid Has To Learn Some Wretched Tribal Dirge For The School Holiday Concert Instead Of Getting To Sing 'rudolph The Red-nosed Reindeer.'

When People Who Earn More Than The Average Have Their 'surplus', Or The Greater Part Of It, Seized From Them In Taxes, And When People Who Earn Less Than Average Have The Deficiency , Or The Greater Part Of It, Turned Over To Them In Hand-outs And Doles, The Production Of All Must Sharply Decline; For The Energetic And Able Who Lose Their Incentive To Produce More Than The Average, And The Slothful And Unskilled Lose Their Incentive To Improve Their Condition.