“The problem is that as the government sector expands in a society, it creates the illusion that the parasitic sector, owing to its enormous size and reach, must be kept intact and even expanded to maintain economic prosperity. But that’s the worse thing a society can do because it will only move society further in the wrong direction–in the direction of impoverishment and bankruptcy. The best thing people can do is permanently lay off all those parasitic workers (and bring an end to their welfare-warfare functions), thereby restoring the right of people in the private sector to keep their wealth and thereby raising everyone’s standard of living in that society.”
http://fff.org/2013/09/26/permanently-lay-off-the-parasitic-sector/
Related posts:
Jacob Hornberger: A Glimmer of Light from Switzerland
Judge Napolitano: A Conspiracy of Silence Assaults Privacy
Juan Cole: Top Ten Ways US TV News are Screwing us Again on NSA Surveillance Story (Iraq Redux)
Continued EU Weakness Gives Rise to Two Inflationary Trends
Electronic Walls, Property and Government
Peter Schiff: The Half Full Economy
Government Imposed Disaster: Price Controls in the Wake of Sandy
Lawlessness of the West
Bill Bonner: Alan Greenspan’s Shock Revelation
Obama: Fool Me Thrice, Shame on Whom?
Outrageous HSBC Settlement Proves the Drug War is a Joke
Be on the Lookout: Amazon Turns its Gaze to Surveillance
Faber's 'Fed Counterfeiting' Remark is Unusual but Not Extreme These Days
‘Super Cycle’ in Commodities Is Not Dead — Just the Opposite
The Gold Lease Story You Haven’t Heard