By -
I think that this quote from Murray Rothbard nicely follows from the below post:

When capital investment takes place in the free market, it deprives no one of consumption goods; for those save who voluntarily choose investment over some present consumption. No one is required to sacrifice present consumption who does not wish to do so. As a result, the standard of living of everyone rises continually and smoothly as investment increases. But a Soviet or other system of compulsory investment lowers the standard of living of almost everyone, certainly in the near future.


As Chris Brown points out in his article at http://mises.org/story/3214, this can also be applied to Obama's big plans for job creation "investment".

Comments

Post a Comment

Popular posts from this blog

Book Review: "Liberty and Tyranny" by Mark Levin

By -
This is the first of what I hope to be many book reviews on this site. I have a little journal that I have always tried to jot down a few thoughts in after I finish a book so I don't completely forget what even the main gist of the book was. But I have found that often I would like to be more specific on what my thoughts were on the book- it's style, it's content, what I learned from it. "Liberty and Tyranny" has one of those ambitious titles usually attached to the type of book that only has very broad ideas with non-specific prescriptions in the last chapter. This book by radio-talk show host Mark Levin is not one of those types. First of all, I was skeptical of the book even before I knew the title, because the author himself had always put me off a bit by his tone on the radio. Only listening to his show a few times had given me the impression that he was probably a neo-conservative Bush loyalist. That perception was not fair. In "Liberty and Tyranny...
Read more

My Favorite Granola

By -
Image
I have been eating this delicious granola in plain yogurt with some fresh fruit and extra honey stirred in, alone with milk, or just a handful as a snack! Drew and I (and Mo) have been eating a whole batch of this wonderful stuff every week. It keeps you full way longer than regular cereal, and isn't as sweet as packaged granola. Plus, with flax and walnuts it packs a good punch of Omega-3's. Make up a batch for your family and an extra batch as a gift for a friend! My Favorite Granola Dry Ingredients 6 cups oats (I use 3c.quick cooking and 3c. regular) 2 cups nuts (I used chopped almonds) 1/2 cup sesame seeds (or other seeds) 1/2 cup ground flax seed 3/4 dried fruit (add after cooking)- dates, cranberries are my favorite Wet Ingredients and Seasonings 1 cup unsweetened applesauce 1/3 cup honey (or agave nectar or maple syrup) 2 T. olive oil 1 T. ground cinnamon 1 T. ground ginger (sometimes I use 2 1/2 T. fresh grated ginger) 1/2 t. salt Preheat oven to 300k Mix the dry ingred...
Read more

"Taxation without representation is Tyranny"

By -
My son Moses will be 2 years old on July 4th, 2009. Until after July 4th, 2025, Moses will not have consent on taxation through his ability to vote for a representative. By my modest calculations, and the projections of more seriously regarded and professionally trained economists, the national debt, plus long-term liabilities not figured into that official number (ie social security, medicare) have a good chance of not being paid down to zero in the next 16 years. So with that in mind, how should Moses in any way be responsible for paying back that money once he is of age to vote and work? Funny enough, it seems that the uproar over 'no taxation without representation' that catapulted America into existence as a sovereign nation committed to liberty, was over tyranny much smaller than what Moses is going to face when in the future a huge cut of his labor is taken from him without his consent. Percentage-wise, I don't think that it is too crazy to say that 20% of his labor...
Read more