Another excerpt from This Nation Shall Endure by the late Ezra Taft Benson, former U.S. Secretary of Agriculture and President of the Church Of Jesus Christ of Latter-Day Saints.

The principles behind our American free market philosophy can be reduced to a rather simple formula. Here it is:

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, willing, and eager labor.

4. Such labor is not possible without incentive.

5. Of all forms of incentive, the freedom to attain a reward for one's labors if the most sustaining for most people. Sometimes called the profit motive, it is simply the rights to plan and to earn and to enjoy the fruits of one's labor.

6. This profit motive diminishes as government controls, regulations, and taxes increase to deny the fruits of success to those who produce.

7. Therefore, any attempt through government intervention to redistribute the material rewards of labor can only result in the eventual destruction of the productive base of society, without which real abundance and security for more than the ruling elite are quite impossible.