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Keep those goodies coming

Posted By Russ Roberts On September 24, 2009 @ 9:46 am In Other People's Money,Politics | Comments Disabled

The post office will be taking a few billion dollars of money [1].

The Fed is going to keep propping up [2] the price of houses.

Is there any budget constraint? They act as if it’s a free lunch. How can this end well?

Remember your Bastiat [3]:

Everybody wishes to live at the expense of the state, but they forget that the state lives at the expense of everybody.

The state is the great fiction by which everybody tries to live at the expense of everybody else.

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URLs in this post:

[1] taking a few billion dollars of money: http://www.politico.com/news/stories/0909/27513.html

[2] keep propping up: http://news.yahoo.com/s/ap/20090923/ap_on_bi_ge/us_fed_interest_rates

[3] your Bastiat: http://www.econlib.org/library/Bastiat/basHar0.html

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