Author Archives: farley

Nearly two hundred years ago, Adam Smith, the Englishman, who understood these principles very well, published his great book, THE WEALTH OF NATIONS, which contains this statement: “The natural effort of every individual to better his own condition, when suffered … Continue reading →

We have before us currently a sad example of what happens to a nation which ignores these principles. Former FBI agent, Dan Smoot, succinctly pointed this out on his broadcast number 649, dated January 29, 1968, as follows: “England was … Continue reading →

The principle behind this American philosophy can be reduced to a rather simple formula: 1. Economic security for all is impossible without widespread abundance. 2. Abundance is impossible without industrious and efficient production. 3. Such production is impossible without energetic, … Continue reading →

According to Marxist doctrine, a human being is primarily an economic creature. In other words, his material well-being is all important; his privacy and his freedom are strictly secondary. The Soviet constitution reflects this philosophy in its emphasis on security: … Continue reading →

Listen to Bastiat’s explanation of this “legal plunder.” “When a portion of wealth is tranferred from the person who owns it – without his consent and without compensation, and whether by force or by fraud – to anyone who does … Continue reading →