Government As Organized Crime

Professor Thomas DiLorenzo reports:

Every dollar that the government spends is a dollar that is not spent (or saved) by individuals, families, businesses, and entrepreneurs. Therefore, whenever government grows, private enterprise – the sole source of real job creation – shrinks and unemployment there rises. Each government job destroys several genuine, private sector jobs because of all the bureaucracy and red tape. For example, government may spend $200,000 to give one person a $30,000/year job. And government "jobs" are usually involved in doing something that no one but a few politicians ever voiced a preference for. Private sector jobs, by contrast, cannot survive unless they are part of an enterprise that succeeds in satisfying genuine consumer wants. By contrast, Keynesians like Paul Krugman would have us believe that prosperity is created whenever government takes money out of our bank accounts (with the threat of forcing us to live in a cage for years if we do not pay) and letting government bureaucrats squander the money instead. Part of the Keynesian mantra is that such spending could and should be on "anything" – it doesn’t matter, as long as it is government that is doing the spending. The biggest year of private sector economic growth in American economic history was 1946 when the nation was in the middle of a two-thirds reduction in federal government spending as the military was demobilized from World War II. This proves that the Keyensians were always dead wrong, but of course they and their political patrons ignore this reality.

You'll want to read this one.