Thoughts, essays, and writings on Liberty. Written by the heirs of Patrick Henry.

“Throughout history, poverty is the normal condition of man. Advances which permit this norm to be exceeded—here and there, now and then—are the work of an extremely small minority, frequently despised, often condemned, and almost always opposed by all right-thinking people. Whenever this tiny minority is kept from creating, or (as sometimes happens) is driven out of a society, the people then slip back into abject poverty. This is known as "bad luck."”     Robert A. Heinlein,    The Notebooks of Lazarus Long

September 15, 2009

Quote Of The Day

by Brad Warbiany

From The Economist, Buttonwood (their financial op-ed analyst):

This only adds to my worries about the Weekend at Bernie’s aspects of this recovery (and kudos to “Hedge fund guy” who first used the analogy). The Japanese spent much of the 1990s propping up their economy and sticking sunglasses on its face; every time they let go, it slumped again.

The discussion is the extent to which the economy will falter when government stops throwing money at the problem. It’s an issue that I doubt we’ll need to worry about, though, as our government has shown no signs of stopping.


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