The Great Achievements Of Civilization

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.

The Government Solution To A Problem Is Usually As Bad As The Problem.

The Great Depression In The United States Was Caused - I Won't Say Caused, Was Enormously Intensified And Made Far Worse Than It Would Have Been By Bad Monetary Policy.

There Are Severe Limits To The Good That The Government Can Do For The Economy, But There Are Almost No Limits To The Harm It Can Do.

Only A Crisis, Actual Or Perceived, Produces Real Change.