The Way You Solve Things

Why Have We Had Such A Decline In Moral Climate? I Submit To You That A Major Factor Has Been A Change In The Philosophy Which Has Been Dominant, A Change From Belief In Individual Responsibility To Belief In Social Responsibility. If You Adopt The View That A Man Is Not Responsible For His Own Behavior, That Somehow Society Is Responsible, Why Should He Seek To Make His Behavior Good?

There Have Been Unions Based On Gold Or Silver, But Not On Fiat Money - Money Tempted To Inflate - Put Out By Politically Independent Entities.

The Key Insight Of Adam Smith's Wealth Of Nations Is Misleadingly Simple: If An Exchange Between Two Parties Is Voluntary, It Will Not Take Place Unless Both Believe They Will Benefit From It. Most Economic Fallacies Derive From The Neglect Of This Simple Insight, From The Tendency To Assume That There Is A Fixed Pie, That One Party Can Gain Only At The Expense Of Another.

Pick At Random Any Three Letters From The Alphabet, Put Them In Any Order, And You Will Have An Acronym Designating A Federal Agency We Can Do Without.

The High Rate Of Unemployment Among Teenagers, And Especially Black Teenagers, Is Both A Scandal And A Serious Source Of Social Unrest. Yet It Is Largely A Result Of Minimum Wage Laws. We Regard The Minimum Wage Law As One Of The Most, If Not The Most, Anti-black Laws On The Statute Books.