Showing posts with label John Loeffler. Show all posts
Showing posts with label John Loeffler. Show all posts

Monday, July 21, 2008

THE SAD ROAD TO SOCIALISM


“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