Concerned about the economy? Please take a few moments to read the below article, and stop by the blog to tell us what you think.
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The Mother of All Bailouts
by Larken Rose
The masses cheer when the tyrants promise to interfere with people actually accomplishing things, redistribute the assets and take away all incentives for being productive, and otherwise hamper any efforts to create actual wealth (i.e., stuff which people want). Then they push piles of paper around, as if that will make us all rich. And the public is so ignorant, even of the most basic economic principles, that even the most idiotic suggestions sound good to them.
For example:
- If not having enough dollars is the problem, why not have the government give each person a million bucks? Would that fix everything?
- If increasing spending fixes an economy, how about if we all stand in a long line, and everyone hand $20 to the person next to them? How about $1,000? Would that fix everything? (Or, if gifts aren't good enough, everyone could buy his neighbor's shoes for $1,000. Wouldn't all that "spending" save the day?)
- If it helps the economy to redistribute wealth, how about if the government takes away all existing wealth and divides it up equally, 300,000,000 ways? Would that fix everything?
- If the problem is lack of jobs, how about if the government gives a job to anyone who wants one, paying them $50 an hour to carry empty boxes around in circles? Would that fix everything?
- If a lack of credit is the problem, how about if the government gives everyone a new, federal credit card with a $1,000,000 line of credit? Would that fix everything?
- If "corporate greed" is the problem, how about if government outlaws making profits, forcing companies to sell things at prices that would just make them break even? Would that fix everything?
(read more here) (comment on the blog)
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