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Milton J. Madison - An American Refugee Now Living in China, Where Liberty is Ascending

Federalism, Free Markets and the Liberty To Let One's Mind Wander. I Am Very Worried About the Fate of Liberty in the USA, Where Government is Taking people's Lives ____________________________________________________________________________________________ "Extremism in defense of liberty is no vice. Tolerance in the face of tyranny is no virtue." -Barry Goldwater-

Tuesday, March 10, 2009

Muslims say 'death to America' but why bother? Its already dead.....

Higgs...
The government's actions to date do not portend a bright future for the overall economy, especially in the longer run, which policymakers are disregarding in their haste to bail out failing financial institutions. . . .

Heedless of what had created the debacle in the first place and fearful of its dire potential consequences, government officials intervened to bail out poorly managed banks and set in motion a partial nationalization of the banking and other industries. The government's commitments for cash infusions, loans, and loan guarantees have already reached the astronomical total of nearly $8 trillion and more commitments seem likely to follow. . . .

With government deeply entrenched in banking and other financial businesses, the president and members of Congress will swarm as bees to honey to turn the government's control in directions they consider favorable to their political prospects. In sum, the bailouts will almost certainly produce another turn of the ratchet toward permanently bigger government.
The leviathan is gobbling up all that was good in the USA. We now reached the inflection point on the slippery slope towards socialism and the road to serfdom. People in the US will be living to serve the government. The days of opportunity in the US are quickly coming to a close. Therefore, I cannot in good conscience, advise my children to choose citizenship in the USA when they turn 18 vs. their other opportunities.

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