The free market process promotes a moral discipline which says: ‘Unless we are able and willing to serve our fellow man, we shall have no claim on what he produces’.
Contrast that moral discipline with the immorality of the welfare state. In effect the welfare state says: ‘You do not have to serve your fellow man; through intimidation, threats and coercion, we will take what he produces and give to you.’
The free market process promotes a moral discipline which says: ‘Unless we are able and willing to serve our fellow man, we shall have no claim on what he produces’.
Contrast that moral discipline with the immorality of the welfare state. In effect the welfare state says: ‘You do not have to serve your fellow man; through intimidation, threats and coercion, we will take what he produces and give to you.’
It is not in the nature of politics that the best men should be elected. The best men do not want to govern their fellowmen.
Nothing that requires the labor of others is a natural human right.
…there are two passions which have a powerful influence on the affairs of men. These are ambition and avarice; the love of power, and the love of money. Separately, each of these has great force in prompting men to action; but when united…in the same object, they have in many minds the most violent effects.
Markets of some sort will exist even under the most unfavorable conditions.
When people are less trustworthy, more must be spent to ensure safe
transactions. As the cost of security mounts, the prices of goods can increase to
the point where many people cannot afford them.