Reblogging for future reference (not total agreement)
One of the more elementary observations about economics is that a nation’s prosperity is determined in part by the quantity of quality of labor and capital. These “factors of production” are combined to generate national income.
Though we shouldn’t overlook how government discourages low-income people from being productively employed. Only the problem is more on the spending side of the fiscal equation.
In today’s Wall Street Journal, John Early and Phil Gramm share some depressing numbers about growing dependency in the United States.
During the 20 years before the War…
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