All poor laws and all eleemosynary institutions and expenditures have this tendency. On the contrary, all laws and institutions which give security to capital against the interests of other persons than its owners, restrict numbers while preserving the means of subsistence. Hence every such law or institution tends to produce a small society on a high stage of comfort and well-being. It follows that the antithesis commonly thought to exist between the protection of persons and the protection of property is in reality only an antithesis between numbers and quality.
I must stop to notice, in passing, one other fallacy which is rather scientific than popular. The notion is attributed to certain economists that economic forces are self-correcting. I do not know of any economists who hold this view, but what is intended probably is that many economists, of whom I venture to be one, hold that economic forces act compensatingly, and that whenever economic forces have so acted as to produce an unfavorable situation, other economic forces are brought into action which correct the evil and restore the equilibrium. For instance, in Ireland overpopulation and exclusive devotion to agriculture, both of which are plainly traceable to unwise statesmanship in the past, have produced a situation of distress. Steam navigation on the ocean has introduced the competition of cheaper land with Irish agriculture. The result is a social and industrial crisis. There are, however, millions of acres of fertile land on earth which are unoccupied and which are open to the Irish, and the economic forces are compelling the direct corrective of the old evils, in the way of emigration or recourse to urban occupations by unskilled labor. Any number of economic and legal nostrums have been proposed for this situation, all of
