The Ideas Which Now Pass

Yet It Ought To Be Clear That A Minimum Wage Law Is, At Best, A Limited Weapon For Combatting The Evil Of Low Wages, And That The Possible Good To Be Achieved By Such A Law Can Exceed The Possible Harm Only In Proportion As Its Aims Are Mode.

Liberty Is The Essential Basis, The Sine Qua Non, Of Morality.

One Of The Worst Features Of All The Plans For Sharing Wealth And Equalizing Or Guaranteeing Incomes Is That They Lose Sight Of The Conditions And Institution S That Are Necessary To Create Wealth And Income In The First Place.

The Vital Consideration Of Incentives Is Almost Systematically Overlooked In The Proposals Of Agitators For More And Bigger Government Welfare Schemes. We Should All Be Concerned About The Plight Of The Poor And Unfortunate. But The Hard Two-part Question That Any Plan For Relieving Poverty Must Answer Is: How Can We Mitigate The Penalties Of Failure And Misfortune Without Undermining The Incentives To Effort And Success.

Bureaucrats Denounce Private Enterprise For The Consequences Of Their Own Reckless Policies And Demand Still More Governmental Controls.