“The State Is That Great Fiction By Which Everyone Tries To Live At The Expense Of Everyone Else”

by | Sep 5, 2017 | Economy, Keith, Politics | 0 comments

“The state is that great fiction by which everyone tries to live at the expense of everyone else.” ― Frédéric Bastiat

Everyday I hear a complaint along the lines “Why does the government allow this to happen?”

Bastiat had the answer – very few feel it is any longer their obligation to help their neighbor – it is now the amorphous ‘government’ that is obliged to remedy any and all pain. How many people calling for single payer or Medicaid for all are currently writing a check to cover another persons healthcare? Pretty close to zero – that is the job of somebody else to pay for it, not their job. Their job is to vote to alleviate pain, not actually personally do anything to alleviate pain. Basically they believe in outsourcing their humanity.

To the point Bastiat was making – if you ‘vote’ for it then it will be the expense of someone else, not you. That is the mindset. That it is completely bogus is irrelevant. The government feeds this perception by creating credit out of thin air in order to sustain an ever greater debt load in order that the mindset that it is the job of somebody else to pay, not their job, can be continued. As Thomas Sowell said, “It is amazing that people who think we cannot afford to pay for doctors, hospitals, and medication somehow think that we can afford to pay for doctors, hospitals, medication and a government bureaucracy to administer it.” Reality has left the building.

As long as the central banks can continue generating credit from thin air the illusion can continue.

The day the illusion ends will be quite sporting – and it will someday end.