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In modern political ...
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A government bureaucracy may be difficult to establish, as supporters of expanded Obama health-care socialism discovered. But the friends of collectivism should take heart. No matter how many times people reject their calls to ...
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The natural progress of things is for liberty to yield, & government to gain ground. — Thomas Jefferson
“It is far easier to introduce a government program than to get rid of it.”
Those were the ...
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The reason, I believe, that Keynes’s anti-saving, consume-more philosophy is politically popular is simple: Consumption is immediate and usually enjoyable. Saving requires self-discipline and patience. ...
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In the long, run we are all dead.
— John Maynard Keynes, A Tract on Monetary Reform
We are playing out the latest chapter in the crisis and leviathan model in the financial-services business. It is a model in which public-sector failure leads to bigger government. It leads to success for socialists ...
It happens every financial crash. Or in every prolonged bear market.
Or almost any time things go bad in the financial markets. An evil person must be found. Oftentimes, the scapegoat ...