Tuesday, January 1, 2013

The cycle

How many times till we learn?

1) In an environment of relative freedom, entrepreneurship and trade produces wealth and prosperity.

2) Increased wealth and prosperity leads to increased tax revenue.

3) Increased tax revenue leads to a stronger state.

4) Increased state intervention and restriction cripples economic activity.

5) The state outgrows the economy and eventually collapses from overreach.

6) In an environment of relative freedom...

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