Pathfinder, Volume 8, Number 4, September 1986 Page: 3
This periodical is part of the collection entitled: Texas State Publications and was provided to The Portal to Texas History by the UNT Libraries Government Documents Department.
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The following text was automatically extracted from the image on this page using optical character recognition software:
poor. Therefore, there is no hon-
est reason for the ideological left
to resist the constitutional pro-
tection of economic liberty.
Indeed, there is every eco-
nomic reason for the left to
support it. During most of our
history, we had no income tax
and no social safety net. Never-
theless, we absorbed wave after
wave of penniless immigrants
while the poverty level in the
United States simultaneously
declined. Today, we are being
overrun by illegal aliens, who,
not being citizens, do not qualify
for welfare benefits or income-
redistribution programs. They
come and work and prosper.
They have gained enough polit-
ical clout to have bills intro-
duced in Congress that would
grant them citizenship. Sooner
or later, these bills will pass.
There are millions of illegal a-
liens in the United States, and
none of them have found income
redistribution necessary for
their success. The people who
cannot get anywhere seem to
be that part of the native popula-
tion that is born into welfare
programs.
Of course, a government
could always evade a constitu-
tional limit on revenues by run-
ning budget. deficits and fi-
nancing them by borrowing or
printing money. Therefore, it
could be appropriate to con-
stitutionally limit expenditures
in addition to revenues and to
specify that borrowing be limit-
ed to capital projects that add to
productive social investment.
A constitution that prohib-
ited the direct taxation of in-
come and placed a limit on the
government's claim to the na-
tional income would be a won-
drous document. It would dis-
place the U.S. Constitution as
the model for the free world. It
would revive the spirit and cul-
ture of freedom everywhere in
the worn-out West, and it would
infuse the country, so blessed,
with principles that could make
it the greatest nation on earth.This article is an excerpt from
a speech by Paul Craig Roberts
at a 'Symposium on the U.S.
Constitutional Experience" in
Rio de Janeiro, Brazil, spon-
sored by the American Bar
Association and the Institute
of Brazilian Lawyers. The fullThe Center for Education
and Research in Free Enterprise
at Texas A&M University and the
Walter Eucken Institute from
Freiburg, Germany, will sponsor
a joint program entitled: The
Hayek Symposium on Knowl-
edge, Information and Compe-
tition. The purpose of this pro-
gram is to maintain and enhance
research interest, especially
among younger scholars, in
those areas of scientific inquiry
that have been central to Profes-
sor Hayek's intellectual con-
cerns for more than six decades.
The symposium will be an an-
nual four-day event held in Frei-
burg. The first conference is
scheduled from June 20 through
June 23, 1987. Professor Hayek
will serve as the honorary chair-
man of the conference series.
The symposium will be ad-
ministered by Edwin J. Feulner,
Jr., and Neil McLeod on behalf of
the Center for Free Enterprise.
The senior academic board of the
symposium will consist of four
American and four European
scholars. The board will be re-
sponsible for the academic stan-
dards of the conference series
and for its contribution to the
areas of Professor Hayek's pri-
mary concern. American mem-
bers of the academic board of
the symposium are Professors
Alchian, Brunner, Buchanan
and Meltzer.speech was printed in the Cato
Policy Report, May/June, 1986,
and is available from the Cato
Policy Report, 224 Second St.,
SE, Washington, D.C. 20003. Dr.
Roberts is William Simon Pro-
fessor at Georgetown University.Participation in the sympo-
sium will be by invitation only
and is limited to 20 scholars rec-
ommended by the academic
board and approved by the di-
rectors. Preference for present-
ing papers will be given to re-
search in progress by assistant
and associate professors. The
symposium will provide an op-
portunity for the invited authors
to discuss their research with
other participants before send-
ing papers to learned journals.
Subject to the authors' permis-
sion, the Center for Free Enter-
prise and the Walter Eucken
Institute will publish selected pa-
pers in The Hayek Symposium
Series.
All travel and hotel expenses
for symposium participants will
be paid by the Center for Free
Enterprise and the Walter Euck-
en Institute.
For more information about
the symposium, write to:
Steve Pejovich
The Center for Education
and Research in
Free Enterprise
459 Blocker Building
Texas A&M University
College Station, Texas 77843Page 3
THE CONFERENCE SERIES
HONORING A NOBEL PRIZE
WINNER IN ECONOMICS
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Texas A & M University. Center for Education and Research in Free Enterprise. Pathfinder, Volume 8, Number 4, September 1986, periodical, September 1986; Austin, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1032068/m1/3/?q=%22Business%2C+Economics+and+Finance%22: accessed July 9, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Government Documents Department.