The spread-the-work schemes, in brief, rest on the same sort of illusion that we have been considering. The people who support such schemes think only of the employment they would provide for particular persons or groups; they do not stop to consider what their whole effect would be on everybody.The spread-the-work schemes rest also, as we began by pointing out, on the false assumption that there is just a fixed amount of work to be done. There could be no greater fallacy. There is no limit to the amount of work to be done as long as any human need or wish that work could fill remains unsatisfied. In a modern exchange economy, the most work will be done when prices, costs, and wages are in the best relations to each other.
Henry HazlittRelated topics
amount assumption begin best brief considering done economy effect employment everybody exchange fallacy false fill human illusion limit modern need particular people pointing rest sort stop support think wages wish work remains relations costsRelated quotes
The reason I'm so bitter and, as I said, in anguish, nowadays, or one of the reasons, is that everybody's begun to lie and because they lie they assume that I lie too: they overlook the fact that I remember very well many things (of course I've forgotten some), but I do believe that lying is a sin, unless it's an innocent lie based on lack of memory, certainly the giving of false evidence and being a false witness is a mortal sin, but what I mean is, insofar as lying has become so prevalent in the world today (thanks to Marxian Dialectal propaganda and Comintern techniques among other causes) that, when a man tells the truth, everybody, looking in the mirror and seeing a liar, assumes that the truth-teller is lying too.
Jack Kerouac
There is no other foundation on which freedom has ever found a permanent abiding place. We shall have to make our decision whether we wish to maintain our present institutions, or whether we wish to exchange them for something else. If we permit some one to come to support us, we can not prevent some one coming to govern us. If we are too weak to take charge of our own mortality, we shall not be strong enough to take charge of our own liberty. If we can not govern ourselves, if we can not observe the law, nothing remains but to have some one else govern us, to have the law enforced against us, and to step down from the honorable abiding place of freedom to the ignominious abode of servitude.
Calvin Coolidge
I am confident that the enactment of the right bill next year will in due course increase our gross national product by several times the amount of taxes actually cut. Profit margins will be improved and both the incentive to invest and the supply of internal funds for investment will be increased. There will be new interest in taking risks, in increasing productivity, in creating new jobs and new products for long-term economic growth. Other national problems, moreover, will be aided by full employment. It will encourage the location of new plants in areas of labor surplus and provide new jobs for workers that we are retraining and facilitate the adjustment which will be necessary under our new trade expansion bill and reduce a number of government expenditures.
John F. Kennedy
It has often been matter of regret in modern times that, in the construction of the Statute of Limitations, the decisions had not proceeded upon principles better adapted to carry into effect the real objects of the Statute; that instead of being viewed in an unfavourable light as an unjust and discreditable defence, it had not received such support as would have made it what it was intended to be, emphatically a Statute of repose. It is a wise and beneficial law, not designed merely to raise a presumption of payment of a just debt from lapse of time, but to afford security against stale demands after the true state of the transaction may be forgotten, or be incapable of explanation by reason of the death or removal of witnesses.
Joseph Story
By a ‘spontaneous disturbance' we shall mean any change in the underlying conditions, the cause of which we are prepared to take for granted and do not wish to examine, but the effect of which on the domestic and external position of our two countries we wish to examine. By a ‘policy' change we shall mean a change which the State or some public authority brings about as a result of a definite decision of State policy in order to achieve some given end of general economic policy and in particular to offset some of the effects of a ‘spontaneous disturbance'. Finally, by an ‘induced' change is meant a change in some quantity which occurs on purely commercial principles because of the repercussions of some previous ‘spontaneous' or ‘policy' change.
James Meade
