Balancing the Budget Hearing Before the Subcommittee On Constitutional Amendme
Balancing the Budget Hearing Before the Subcommittee On Constitutional Amendme
United States Congress Senate Committee On the
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Each of us presumably tries to do the best he can, to make the best settle- ment possible with what he has, in getting income and then in us- ing it. The greater our freedom to make the best bargains, the bet- ter in general will be the results. No one wants to pay others more than their services are worth, and freedom to reject demands for overpayment reduces the likeli- hood that we shall be forced to do so. In turn, the broader our range of freedom, the larger our opportunities to get the mo...st that our services are worth to others. In contrast, restrictions on free- dom — whether imposed by gov- ernment, the possessors of private power, or one's own commitments made earlier— will make the terms for some of our bargains less sat- isfactory than is potentially pos- sible. As a result of such compulsion, we shall pay more than is inher- ently necessary for what we get — and get less than our services are worth. The distribution of income which results from complete free- dom would be less than ideal, judging by the standards to which most of us hold.
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