Airport High School - Beacon Yearbook (Carleton, MI)

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THE TEN PILLARS OF ECONOMIC WISDOM THE TIN PILLARS Of ECONOMIC WISDOM 1. Nothing in our material world can come from nowhere or go nowhere, nor can it be free: everything must be paid. 2. Government is never a source of goods. Everything Produced is proceed by the people, and everything that government gives to the people, it must first take from the people. our economic life has a source, a destination and a cost that 3. The only vakiable money that government has to spend is that money taxed or borrowed out of the people's earnings. When government decides to spend more than it has thus received, that extra unearned money is created out of thin air, through the banks, and, when spent, takes on value only by reducing the value of all monev savings and insurance. 4. In our modern exchange economy, all payroll and employment come from customers, and the only worthwhile |ob security is customer security, if there are no cus- tomers, there are no customers, there can be no payroll and no jobs. 5. Customer security can be achieved by the worker only when he cooperates with management in doing the thwigs that wm and hold customers. Job security, therefore, is a partnership problem that can be solved only in a spirit of understanding and cooperation. 6 hTmg ,h ? PflnCip 1 CO °f pvefV«hing. widespread wage increases, without corresponding increases in production, simply increase the cost of everybody's 7 The greatest good for the greatest number means, in its material sense, the greatest goods for the greatest goods for the greatest number which, in turn, means the greatest productivity per worker 8. All productivity is based on three factors 1) natural resources, whose form, place and condition are charged by the expenditure of 2) human energy (both muscular and mental), with the aid of 3) tools. 9 Tools are the only one of these three factors that man can increase without limit, and tools come into being in a free society only when there is a reward for the tempo- rary self-denial that people must practice in order to channel part of their earnings away from purchases that produce immediate comfort and pleasure and tools of protection Proper payment for the use of took is essential to their creation. 1°. The productivity of the took - that is, the efficiency of the human energy applied in connection with their use - has always been highest in a competitive society in which the economic decisions are made by millions of progress-seeking individuals, rather than in a state-planned society in which those decisions are made by a hand- ful ot all-powerful people, regardless of how well-meaning, unselfish, sincere and intelligent those people may be CARLETON GLEN GOLF COURSE TOM LARKINS FORD Complete Transportation Headquarters L.T.D. •Elite Thunderbird Pinto Maverick Mustang II Torino Granada • Trucks Vans A-1 used cars and trucks Full factory authorized service Complete Body Shop Facilities 22675 Gibralter Road 1-75 Exit 29 Flat Rock CARLETON PHARMACY 1119 Monroe Street Carleton, Mich. 654-6252 Congratulations Seniors C. H. REISER SONS LUMBER COMPANY All types of Building Supplies 12604 Matthew St. Carleton, Michigan Hardware Electrical Plumbing Paint Glass

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7923 Dixie Hwy. Newport, Mi. CHURCH CARLETON COMMUNITY Tha Church Whin. 'Something Good Ts Going 73 tepptn To sfaJL' mould liKe. to axtwd but wishes cod en imitation to t»he Senior Class to cccopt the offer thet »ksus mak when He scid am cam iMi you might ha you might hoM. rtr»on hbund ftty4' As representetiue of Chrifc, meu me help uou? dwrch phone 6W-W4 nersoneqe fc54 2.090 840 Monroe St. Carleton, Mich. MASSERANT'S GARAGE Complete Bottled Gas Sales and Service Appliances and Sandblasting II Thfi VAIRPORT says Congratulations 5' .S ? • ?. M'S Congratulations Seniors From: ROSS' PARTY STORE

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LAWRENCE REFRACTORIES Subsidiary of B.M.I. Incorporated Congratulations Class 1975 DIXIE HIGHWAY MARKET Cold Beer Wine to go 11995 N. Dixie Hwy. So. Rock wood, Mich. Call: 379-9421 HURON RIVER PHARMACY Dept. Store Free Prescription Delivery 26366 Huron River Dr. Flat Rock, Michigan Ph. 782-3007 NIEMAN BROTHERS GREENHOUSE 654-8212 282% Waltz Road Waltz, Mich. CARLETON RECREATION Pool, Fooseball, Pinball 12750 Maxwell Carleton 654-9960 £ JERRY'S BARBER SHOP Proprietors: Lloyd Jerry ut