Cafe Hayek — where orders emerge: "But Smith and Friedman and other people of good sense understand also something that Mr. Obama does not. They understand that the agreements through which each of millions of people contracts to contribute to the production of coats and pencils and peas and policing and roads and barges and engineering textbooks and on and on and on are not open-ended. Selling wool to tailors does not thereby give shepherds an open-ended claim upon the wealth of coat owners. Government’s success at persuading taxpayers to fund the hiring of more teachers and the construction of new highways does not thereby give government (or teachers or highway workers) an open-ended claim upon the wealth of private citizens who benefit from these teachers or who use these highways."
'via Blog this'
2 comments:
I make my students sign a contract guaranteeing me 1% of their future income for life before I will teach them a thing.
The Obama concept of government-provided public goods is kind of like going to the mob for a favor. Sure they helped take care of that problem you had 15 years ago, but they never let you forget it, and your account is never fully repaid.
There is one difference. At least with the mob, you have a choice of whether to request the favor at the outset.
maybe I'll post this comment at Cafe Hayek.
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