stephanie
07-21-2008, 04:14 PM
interesting. long read.
What happens When Private Property is No Longer a Right
by John Loeffler
Contributor, Steel on Steel Radio Program
Co-host, Financial Sense Newshour
July 18, 2008
“But if the government undertakes to control and to raise wages, and cannot do it; if the government undertakes to care for all who may be in want, and cannot do it; if the government undertakes to support all unemployed workers, and cannot do it; if the government undertakes to lend interest-free money to all borrowers, and cannot do it; if .... ‘The state considers that its purpose is to enlighten, to develop, to enlarge, to strengthen, to spiritualize, and to sanctify the soul of the people’ -- and if the government cannot do all of these things, what then? Is it not certain that after every government failure -- which, alas! is more than probable -- there will be an equally inevitable revolution?”
-Frederic Bastiat, “The Law,” June, 1850
read it all here.
http://www.financialsense.com/editorials/loeffler/2008/0718.html
What happens When Private Property is No Longer a Right
by John Loeffler
Contributor, Steel on Steel Radio Program
Co-host, Financial Sense Newshour
July 18, 2008
“But if the government undertakes to control and to raise wages, and cannot do it; if the government undertakes to care for all who may be in want, and cannot do it; if the government undertakes to support all unemployed workers, and cannot do it; if the government undertakes to lend interest-free money to all borrowers, and cannot do it; if .... ‘The state considers that its purpose is to enlighten, to develop, to enlarge, to strengthen, to spiritualize, and to sanctify the soul of the people’ -- and if the government cannot do all of these things, what then? Is it not certain that after every government failure -- which, alas! is more than probable -- there will be an equally inevitable revolution?”
-Frederic Bastiat, “The Law,” June, 1850
read it all here.
http://www.financialsense.com/editorials/loeffler/2008/0718.html