The Average American Worker Enjoys Amenities For

The So-called Liberals Of Today Have The Very Popular Idea That Freedom Of Speech, Of Thought, Of The Press, Freedom Of Religion, Freedom From Imprisonment Without Trial-that All These Freedoms Can Be Preserved In The Absence Of What Is Called Economic Freedom. They Do Not Realize That, In A System Where There Is No Market, Where The Government Directs Everything, All Those Other Freedoms Are Illusory, Even If They Are Made Into Laws And Written Up In Constitutions.

Every Innovation Makes Its Appearance As A 'luxury' Of The Few Well-to-do. After Industry Has Become Aware Of It, The Luxury Then Becomes A 'necessity' For All.

Capital Does Not 'beget Profit' As Marx Thought. The Capital Goods As Such Are Dead Things That In Themselves Do Not Accomplish Anything. If They Are Utilized According To A Good Idea, Profit Results. If They Are Utilized According To A Mistaken Idea, No Profit Or Losses Result. It Is The Entrepreneurial Decision That Creates Either Profit Or Loss.

What Is A Loophole? If The Law Does Not Punish A Definite Action Or Does Not Tax A Definite Thing, This Is Not A Loophole. It Is Simply The Law.

If One Takes Pleasure In Calling The Gold Standard A "barbarous Relic," One Cannot Object To The Application Of The Same Term To Every Historically Determined Institution. Then The Fact That The British Speak English - And Not Danish, German, Or French - Is A Barbarous Relic Too, And Every Briton Who Opposes The Substitution Of Esperanto For English Is No Less Dogmatic And Orthodox Than Those Who Do Not Wax Rapturous About The Plans For A Managed Currency.