“Republican and Democratic majorities alike insisted on socializing the losses of private banks and corporations, while guaranteeing their profits were theirs to keep. The country is financially insolvent because the Washington parties, red and blue alike, are philosophically bankrupt. Their shared statist philosophy needs to be exposed before it does us any more harm. Prosperity is something much greater than wealth. Prosperity refers to the wellsprings of human ingenuity and enterprise from which long-term wealth and human improvement bubble forth.”
http://www.moneyandmarkets.com/government-vs-prosperity-50274
Related posts:
Anarchy: The Basis for a Civilized Society
The Luddites Among Us
The IMF, the SDR, and the Dollar: One Big Happy
Jeffrey Tucker: Is Bitcoin Real or Not?
Will Grigg: "Damned from Memory": When the Drug War Turns on its Own
Policing Prosecutors
A Rogue State and Failed Social Visions
Sticky Thoughts: The Market, Not The Government, Gave Us Super Glue
Why Oil Could Move Higher--Much Higher
The Nearly-Free University
It’s Up to You, Entrepreneurs: Brad Feld on the Rise of Global Startup Communities
The NSA and Its “Compliance Problems”
Peter Schiff: The GDP Distractor
The Source of Systemic Crisis: Risk and Moral Hazard
I, Pencil: The Movie