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22 Economics in One Lessonshould it be regarded as a miracle, if that section becomes comparativelyricher? Other sections of the country, we should remember, arethen comparatively poorer. The thing so great that “private capitalcould not have built it” has in fact been built by private capital—thecapital that was expropriated in taxes (or, if the money was borrowed,that eventually must be expropriated in taxes). Again we must make aneffort of the imagination to see the private power plants, the privatehomes, the typewriters and radios that were never allowed to comeinto existence because of the money that was taken from people allover the country to build the photogenic Norris Dam.3I have deliberately chosen the most favorable examples of publicspending schemes—that is, those that are most frequently and ferventlyurged by the government spenders and most highly regarded bythe public. I have not spoken of the hundreds of boondoggling projectsthat are invariably embarked upon the moment the main object isto “give jobs” and “to put people to work.” For then the usefulness ofthe project itself, as we have seen, inevitably becomes a subordinateconsideration. Moreover, the more wasteful the work, the more costlyin manpower, the better it becomes for the purpose of providingmore employment. Under such circumstances it is highly improbablethat the projects thought up by the bureaucrats will provide the samenet addition to wealth and welfare, per dollar expended, as would havebeen provided by the taxpayers themselves, if they had been individuallypermitted to buy or have made what they themselves wanted,instead of being forced to surrender part of their earnings to the state.

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