April Freeman Banner 2014

ARTICLE

How to Pick a Pocket or Two

JUNE 01, 1963 by THE WALL STREET JOURNAL

From The Wall Street Journal, March 13, 1963.

To a small-town fellow come to the big city it was bound to happen sooner or later, and finally it did. On the way to Wall Street, that den of iniquity, our pocket was picked in the subway, that haunt of the huddled masses.

Along with a couple of credit cards, an unfilled prescription for the drugstore, and a shopping list from the lady of the house, this skillful disciple of Fagin made off with $100, which for years we’ve kept secreted in the back of our wallet against such grave emergencies as running out of expense-account money in San Antonio or St. Paul.

Now being imbued with a Puri­tan ethic, we do not approve of pickpockets, especially those who pick our own. But in all honesty we must confess that purely from the standpoint of the nation’s eco­nomic balance sheet there was no net loss to the country. Indeed, if some of the economic theories bruited about today are correct, it could be argued that the nation’s economy had been helped thereby. For our loss of $100 was some­body else’s gain of $100, the one

page 42 not scanned- needs to be added

ASSOCIATED ISSUE

June 1963

comments powered by Disqus

EMAIL UPDATES

* indicates required
Sign me up for...

CURRENT ISSUE

April 2014

Around the world, people are struggling to throw off authoritarianism, with deeply mixed results. From Egypt to Venezuela, determined people build networks to overthrow their regimes, but as yet we have not learned to live without Leviathan. In this issue, Michael Malice and Gary Dudney discuss their glimpses inside totalitarian regimes, while Sarah Skwire and Michael Nolan look at how totalitarian regimes grind down the individual--and how individuals fight back. Plus, Jeffrey Tucker identifies a strain in libertarianism that, left unchecked, could reduce even our vibrant movement to something that is analogous to the grim aesthetic of architectural brutalism. The struggle for our lives and freedom is a struggle for beauty; it begins inside each of us.
Download Free PDF

PAST ISSUES

SUBSCRIBE

RENEW YOUR SUBSCRIPTION