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RE: No one is going to read that
Posted on: January 18, 2020 at 12:02:41 CT
90Tiger STL
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This is a country with cradle-to-grave security promises that just recently added a benefit of low-price prescriptions for seniors that is going to cost hundreds of billions over time. This is a country that, when faced with a problem of airport security, created a whole new federal bureaucracy to gum up the workings of every airport in the country.
These are incredibly bad policies, enterprise killers in every way. Why, then, does enterprise continue to thrive? The answer is complex. In many ways we continue to live off the borrowed capital of previous generations. Some economic sectors benefit too greatly from an artificial injection of created credit, making prosperity seem more real than it is in sectors such as housing and perhaps stocks. There is a bitter irony at work here too in that the larger the economy is, the more there is to tax, and so government grows as an aftereffect of economic growth.
These are incredibly bad policies, enterprise killers in every way. Why, then, does enterprise continue to thrive? The answer is complex. In many ways we continue to live off the borrowed capital of previous generations. Some economic sectors benefit too greatly from an artificial injection of created credit, making prosperity seem more real than it is in sectors such as housing and perhaps stocks. There is a bitter irony at work here too in that the larger the economy is, the more there is to tax, and so government grows as an aftereffect of economic growth.
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RE: No one is going to read that - 90Tiger STL - 1/18 12:02:41