Economist Noted 150 Years Ago That Corruption At the Top Leads to Lawlessness By The People
I’ve repeatedly noted that corruption at the top leads to lawlessness by the people.
William K. Black – Associate Professor of Economics and Law at the University of Missouri at Kansas City, and the former head S&L regulator – notes that conservative French economist Frédéric Bastiat said the same thing more than 150 years ago.
Specifically, Bastiat said that corruption and “plunder” by government officials causes lawlessness among the people (skip to the second half of the following interview):
Unfortunately, the lawlessness by those at the top will lead to lawlessness by the people. This will lead to the break down of the economy and the financial system … and society as a whole.
Many economists have demonstrated that – contrary to commonly-accepted myth – war is actually bad for the economy.
Ron Paul gives yet another reason to bring the troops home:
Just think of all those troops spending all that money back at home!
While those claiming that war stimulates the economy and creates jobs might say that bringing a bunch of unemployed veterans home would hurt the economy, the truth is that government stimulus money spent in the private sector stimulates more than money spent on the military.