Not in government or force, not in slavery or war, but in the creative, and thereby spiritual, power of freedom, shall our inspiration be found.

Capital formation is the greatest charity of all.

Not in government or force, not in slavery or war, but in the creative, and thereby spiritual, power of freedom, shall our inspiration be found.

It seems that wherever the Welfare State is involved, the moral precept, "Thou shalt not steal," becomes altered to say: "Thou shalt not steal, except for what thou deemest to be a worthy cause, where thou thinkest that thou canst use the loot for a better purpose than wouldst the victim of the theft."

Both fact and logic seem to me to support the view that savings invested in privately owned economic tools of production amount to an act of charity. And further, I believe it to be - as a type - the greatest economic charity of all.