AUSTRIAN ECONOMICS ADDICT

When you here the warning, “don’t try this at home”, it means leave it to the experts because you might get hurt. This has never been more true than when it comes to Government “investment”, except the difference is the politician, who “try’s this at home” profits politically, and the taxpayers are the people who get hurt. The politician making the investment decisions doesn’t suffer any of the consequences for his failures. If you could “invest” money that wasn’t your own, and do it with no repercussions for failure, and your whole life was incentivized and constrained by politics, wouldn’t you invest in something that produces (more…)