The housing and financial crisis could not have occurred in the absence of government housing and monetary policies.
Sheldon RichmanWhen government 'creates jobs' by taking money from the private sector and 'investing' in favored projects, it is not truly productive activity. Rather, the government has preempted the economic process, forbidding it to serve consumers so that it can instead serve the objectives of politicians and bureaucrats.
Sheldon RichmanThe government's coercive taxing power necessarily creates two classes: those who create and those who consume the wealth expropriated and transferred by that power.
Sheldon RichmanWe must acknowledge, of course, that what looks like failure to us Americans outside the privileged elite may not actually be failure for our overlords.
Sheldon RichmanThose who create the wealth naturally want to keep it and devote it to their own purposes. Those who wish to expropriate it look for ever more-clever ways to acquire it without inciting resistance. One of those ways is the spreading of an elaborate ideology of statism, which teaches that the people are the state and that therefore they are only paying themselves when they pay taxes.
Sheldon Richman