By Leonard E. Read
"My thesis," Leonard learn informs us during this striking booklet, "in easiest phrases, is: enable an individual do whatever he pleases, as long as it truly is peaceable; the position of presidency, then, is to maintain the peace." in order that. This publication is a vintage, compelling assertion of the political philosophy of libertarianism and assertion of the guiding ideas of the basis for fiscal schooling.
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That policies founded on strife and violence are growing is evident enough to anyone who will take the pains 4 See One Who Survived by Alexander Barmine (New York: G. A. Putnam's Sons), and I Chose Freedom by Victor Kravchenko (New York: Scribners, 1946). 5 To understand why gangsters rather than humane human beings must occupy political office in a socialistic state, read "Why the Worst Get on Top" in F. A. Hayek's The Road to Serfdom (Chicago: University of Chicago Press, 1944). , Irvington-on-Hudson, N.
It demands a hard look at what our own American mirror reveals. My purpose is self-analysis, not a discourse on the political antics of power-drunk Russians. Now to return to my opening assumption: Socialism depends upon and presupposes material achievements which socialism itself can never create. This indictment has two parts: (1) there has to be wealth before wealth can be socialized; and (2) socialism cannot create the wealth in the first place. With everyone's wealth at zero, there is no one from whom anything can be taken.
THE AMERICAN SETTING: PAST AND PRESENT definitions aside, governments always have popular support for their inflationary policies; politicians act in response to popular support; they cannot remain in office without it. Why the popular support? It is because a majority of voters are naive enough to believe that they can eat their cake and still have their cake left to them, which is to say, they can continue to receive handouts and "benefits" from government without having to pay for them. Because they see no direct tax levy and because they do not understand that inflation is a cruel, unjust form of taxation, they applaud the something which they feel is coming to them for nothing.