Posts Tagged ‘welfare’

“I’m all for immigration and completely open borders to enable opportunity seekers from anyplace to move anyplace else. With two big, critically important caveats: 1) There can be no welfare or free government services, so everyone has to pay his own way, and no freeloaders are attracted. 2) All property is privately owned to minimize the possibility of squatter camps full of beggars.” -Doug Casey

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Welfare Wealth

Posted: November 8, 2015 in Economics
Tags: , , , , , ,

The financial policy of the welfare state requires that there be no way for the owners of wealth to protect themselves.” -Alan Greenspan 1966

“The financial policy of the welfare state requires that there be no way for the owners of wealth to protect themselves….  Deficit spending is simply a scheme for the confiscation of wealth.” -Alan Greenspan before he was chairman of the Federal Reserve.

“Capitalism is constantly burying its mistakes and discovering tomorrow. Cronyism, on the other hand, keeps you in the past. It is today and yesterday trying to stop tomorrow from happening…. The future is where new wealth is created. When you try to stop or twist the future into the shape want, you prevent this wealth from ever happening. Cronyism depends on the credit bubble…. Cronies owe money.  They borrow money.  They depend on borrowed money for their budgets, their spending, their bonuses, their portfolios, their welfare checks, and their special privileges.  They all depend so heavily on borrowing that few of them – whether in academia, media, business, finance, or government – can see the truth… let alone speak it.  They are all paid not to see it.  And if they do see it, they keep their mouths shut.” -Bill Bonner