In this report I argue that the solution to our economic and societal problems is smaller government and not bigger government.
In this report I argue that the solution to our economic and societal problems is smaller government and not bigger government.
Great post, as always.
It's so depressing to see younger people fall for the seductive lie of collectivism. As Frédéric Bastiat said, government is the great fiction by which everyone tries to live from everyone else (I'm paraphrasing). It's a fools paradise offered by politicians, that you can live of the backs of others. But in Europe, this destructive belief is adhered to righteously, with an almost religious vigour. You try telling the average Briton that there should be no welfare or NHS. To say such a thing is to break a great taboo in that society, you can feel the atmosphere of the room descend by several degrees when such ideas are suggested. It is society wide cognitive dissonance. People will continue to vote for these impoverishing and Orwellian ideas, and so we have a system that can't correct itself. This is why I moved away from Europe, and neither I nor any of my capital will be returning to that continent any time soon.
@bayon It is very frustrating that so many people still buy into the great fiction as Bastiat once said.
Although it's important to remember that every young generation has been left wing. It is nothing new for naive young people to be tempted into collectivism. Millennials are no more left wing than the generations before us.
Good analysis though, followed.
You're right, and if I'm to be honest, I would have fallen enthusiastically for these ideas too when I was at university.
Well said! Couldn't agree with you more there
@maneco64, its the same here in Ireland. We had a property crash in 2007 and now either everyone has large debts for negative equity housing or the banks won't lend to the young as they were burnt badly. Also US vulture funds have large volumes of property and are holding out for tax incentives if they keep the property for 7 years. So they are not releasing the properties for sale or rent and the market is also been choked. They are even that bad that they are using fire regulation loopholes to try to push out long standing tenants out of buildings. No morals...
Your right about, people have put to much dependency in the government to provide for them.
Instead of becoming independent individuals, which not only prosperous for the individual, but the community and the country as a whole.
But the government plays the game of suppressing the people, dumbing down society, and stealing away the wealth of its own citizens.
The government is suppose to look out for the welfare of the people ,not put them on welfare.
Agree, it is disgusting the never ending growth of corrupt governments - and yet fools keep voting for it, especially the leftists. There are a few wars government has been good at, The War on Private Property, The War on the Constitution.
You are quite right. I totally agree with you. I'll look at the rest.
it is very interesting
Would love to hear your take on the precious markets slam yesterday. Silver down over 3%???
@hallvardo For the 15 years that I have been following the precious metals (gold was $300 and silver $5) the modus operandi for the market managers have not changed. They usually pick quiet markets prior to holidays to do their nefarious work. My take is that it does not change the nature of gold nor silver as the ultimate liquid stores of value .
thanks @maneco64 , I wondered if it was that. My trading platform are saying its all down to the hawkishness of the banks and the fact the dollar strengthened and the yen seems down.
Absolutely agree.
Great video today (again). Thanks for sharing your thoughts