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"If the government robs Peter to pay Paul, he can count on the continued support of Paul.

Monday, December 28, 2009

ECONOMIC BAILOUT OVERWHELMINGLY DEFEATED BY ECONOMIC REGULATION

"The Obama Administration’s remedy for the economy is a bit like that of a confused physician who offers hemlock to end the suffering of a desperately ill patient. That remedy will stop the suffering but only at the expense of the patient’s life. Extreme expansion in government spending and regulation will eventually end what ails the free market but only because it will eliminate the free market altogether. What remains after a free market is no mystery, it is government everywhere, more regulation down to the minutest level, where all are servants of the state and where economic mediocrity is the rule and every incentive to invent, produce, and accumulate capital is obliterated. That is the modern equivalent of slavery, replacing a million competing titans of industry with one gargantuan combination of market control and law—the totalitarian state."

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