Contrast our world with that of the political class. Here, scarcity is nonexistent. While my wife and I struggled over whether or not we could commit financial resources, the politician simply commits our resources for us. No questions asked.
Many people have sent us this article from the NYT, one that recounts h
The fact that animals can obviously not petition for their "rights" is part of their nature, and part of the reason why they are clearly not equivalent to, and do not possess the rights of, human beings.
Madison stated the historic fact: in democracy there is nothing to check the inducements to sacrifice the weaker party. There is no protection for liberty. Hence it is, that democracies always destroy personal security (the Gestapo, the concentration camps) and the rights of property (what rights of property ownership are there in Europe, now?) and are as short in their lives as they are violent in their deaths.
Fannie Mae is representative of all that's wrong with central planning institutions: it is a government-created conduit for carefully crafted financial and market socialism that the bureaucrats uphold for the purpose of propping up their fantasies for pandemic social engineering.
Frédéric Bastiat said long ago what still rings true today: "Government is the great fiction through which everybody endeavors to live at the expense of everybody else."
Political entrepreneurs are experts at fabricating false crises to convince the public to acquiesce in their policy proposals.
One day Social Security will go from being a reality supported by myths to a memory whose myths were debunked by reason.
Like any other consumer, the government must turn to the production process — that is, to producers — for its funds. But unlike ordinary consumers, who obtain their incomes through voluntary exchange, the government obtains its income by means of forcible taxation.
