Friday, December 18, 2009

Growing Tyranny ... One Step At A Time

SEE HERE Here's how it works, no lie. First government passes laws that require some sector of the economy to do something stupid for good sounding reasons, ex. give low interest loans to poor people so they can more easily buy housing. This leads to problems since of course merely mandating an unsound practice doesn't make it any less risky. A dislocation develops. Government postures and blames the resulting problems on the free market sector that they forced to engage in the risky practice in the first place. Greed, they shout. Irresponsible profiteering, they shout. Then in a Kabuki move they create political theater by passing regulations that give government previously unprecedented power to regulate the target industry, ex. banking, wall street brokerages, etc. It's all in the name of responsibility and stability they say. One little step at a time and the creeping monster of centralized government slowly absorbs the free market system and freedom with it. They might as well be the blob.

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