Government has no resources of its own, no elves working overtime to produce something of value, just promoters who espouse Santa Clause economics. It can only transfer wealth from one group to another (skimming a nominal transaction fee in the process). The current $700 $800 billion bailout (sorry, rescue) package is nothing more than a looting of the responsible and productive by the reckless and profligate.
read the entire essay
Wednesday, October 8, 2008
Bailout Commentary
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment