Democracy: the Bigg...
 
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Democracy: the Biggest Bubble of all

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(@ossian)
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Government in its current form is an overpriced growth stock. It is paying dividends out of contributions forced out of newcomers to the game and extracted in countless ways from the dividend recipients and obtained from borrowing. It is promising a rising stream of future dividends, while itself producing nothing of value.

When the value of the obligatory debts exceeds the value of the assets, the enterprise is insolvent. The owners walk away from the assets. When government debts exceed the value of the social benefits, people will walk away from the government. Many already have, in a variety of ways. Why pay more than what something is worth? Why invest any emotional capital in an institution one regards as unfit, unjust, inefficient, intrusive, irrational, unworkable, and ineffective?

Government is now an insolvent enterprise. Government is a Ponzi scheme. Government is a fraud. Government is a bubble that must burst.

(From http://www.lewrockwell.com/rozeff/rozeff284.html . Not a bad article, albeit coming from a site which dares never criticize the you-know-whoze.)


Produce good men -- the rest follows.
--William G. Simpson
The Morality of Survival

 
Posted : 28/03/2009 1:52 am
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