Occupation: Journalist Birth: November 28, 1894 Death: July 8, 1993
The times call for courage. The times call for hard work. But if the demands are high, it is because the stakes are even higher. They are nothing les….
The consequences of inflation are malinvestment, waste, a wanton redistribution of wealth and income, the growth of speculation and gambling, immoral….
The long-run historical tendency of capitalism has not only been to increase real incomes more or less proportionately nearly all along the line, but….
The government has nothing to give to anybody that it doesn't first take from someone else..
Practically all government attempts to redistribute wealth and income tend to smother productive incentives and lead toward general impoverishment..
Contrary to age-old prejudices, the wealth of the rich is not the cause of the poverty of the poor, but helps to alleviate that poverty..
It is often sadly remarked that the bad economists present their errors to the public better than the good economists present their truths. It is oft….
Capitalism will continue to eliminate mass poverty in more and more places and to an increasingly marked extent if it is merely permitted to do so..
Economics is haunted by more fallacies than any other study known to man.
The only real cure for poverty is production..
Government-to-government aid rests on socialistic assumptions and promotes socialism and stagnation, whereas private foreign investment rest on capit….
Government relief tends constantly to get out of hand. And even when it is kept within reasonable bounds it tends to reduce the incentives to work a….
The army of relief and other subsidy recipients will continue to grow, and the solvency of the government will become increasingly un tenable, as lon….
Competition always tends to bring about the most economical and efficient method of production. Those who are most successful in this competition wi….
There are men regarded today as brilliant economists, who deprecate saving and recommend squandering on a national scale as the way of economic salva….
When your money is taken by a thief, you get nothing in return. When your money is taken through taxes to support needless bureaucrats, precisely th….
All loans, in the eyes of honest borrowers, must eventually be repaid. All credit is debt. Proposals for an increased volume of credit, therefore, ar….
The more things a government undertakes to do, the fewer things it can do completely. When the government tries to do everything it must do everythi….