“I believe that all government is evil, and that trying to improve it is largely a waste of time.”
H. L. Mencken
Tag: government
Lysander Spooner on consent…
Ayn Rand on capitalism and government…
“A businessman cannot force you to buy his product; if he makes a mistake, he suffers the consequences; if he fails, he takes the loss. If bureaucrat makes a mistake, you suffer the consequences; if he fails, he passes the loss on to you.”
Ayn Rand
They know what’s best for you!
Rutherford B. Hayes on corporations…
H.L. Mencken on government…
“Government is actually the worst failure of civilized man. There has never been a really good one, and even those that are most tolerable are arbitrary, cruel, grasping and unintelligent.”
H.L. Mencken
Harry S. Truman on censorship…
27% Of All Household Income In The US Now Comes From The Government
Following today’s release of the latest Personal Income and Spending data, Wall Street was predictably focused on the changes in these two key series, which showed a surge in personal income (to be expected in the month when the $900BN December 2020 stimulus hit), coupled with a far more modest increase in personal spending.
But while the change in the headline data was notable, what was far more remarkable was data showing just how reliant on the US government the population has become.
We are referring, of course, to Personal Current Transfer payments which are essentially government sourced income such as unemployment benefits, welfare checks, and so on. In January, this number was $5.781 trillion annualized, which was not only up by nearly $2 trillion from the $3.8 trillion in December it was also $2 trillion above the pre-Covid trend where transfer receipts were approximately $3.2 trillion.
Jim Hightower on corporations…
Ludwig von Mises on freedom…
