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Impoverishment: America’s New Normal

An excellent article from Jack Curtis at The American Thinker.

America has stagnated. It isn’t dynamic. Government is thick and restrictive. Businesses are not being created at the rate they were in the past. 20% of households (according to the attached article) have no one working. 1 in 5 households have no workers.

A poison cocktail of fiat financialization and massive government has dripped into the American bloodstream over the last 4 decades or so. The vigor is gone. Increasingly desperate people look to the welfare state for solutions, or at least a fix.

It is the state which has created this situation, not capitalism. We haven’t had real, non-crony capitalism, in this country for a long time. And the culture of Obama has accelerated this move away from free markets and free prices.

They say that parasites rarely kill their hosts. But sometimes they do.

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Elderly Seattle couple leaves life savings of $847,215 to the US Treasury, an amount our government spends every 8 seconds

It’s their money. They earned it. It sounds like they hadn’t had the easiest of lives. (Not that that matters in this equation fundamentally.) If they want to leave their fortune to the US government that is their business. It appears that theirs was a gesture of thanks to a country which took them in and which became their home.

I appreciate that sentiment very much.

But the US Treasury?

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The Myth of the Free Market Cartel | by Murray N. Rothbard (Video)

Cartels rarely survive very long without the backing of the government. The big trusts over the years have only continued on over the long term if they had the protection of the state. In a free market with free prices monopolists are constantly undermined by new firms, with newer equipment and better methods. There is no better trust buster than the market.

If however the companies in power at a particular time can buy into the government and create a regulatory moat around their firms the old, less innovative guard can remain in place. A key part of crony capitalism.

Below the master Murray Rothbard discusses this phenomenon in a short excerpt.

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Rove’s Crossroads PAC Is No Longer G.O.P.’s ‘Big Dog’

There are more groups like Crossroads out there these days. More dogs. But more important than that is that Rove and American Crossroads are associated with George Bush and an era of big government “conservatism”. George Bush and Karl Rove blew up the modern (Reaganish) conservative movement. Many have not forgotten this. That Rove has explicitly targeted the libertarian/conservative coalition hasn’t earned him any friends either in a rapidly changing party.

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‘Prayers please!’ Mother shackled, jailed for honor roll son’s 3 ‘unexcused’ school absences

Let’s see. The child was on the honor roll, so he was doing OK. But the Sheriff felt the need to put this woman in jail, a working substitute teacher. Because that clearly helps whatever issue is going on, if there is even an issue.

The state should never be given this sort of power. Ask yourself if the child had been the son of a deputy whether that deputy would have been hauled off to the clink. Or the cousin of the DA? Or, well you get the point.

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