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Posted on 07.02.09 by Thomas L. Knapp
“It is true that genuine scarcity can exist in some regions afflicted by drought or other natural disaster. Scarcity can affect individuals through random crime, disease, or accident. For the most part, however, scarcity is created by governments. That is true of the United States government. Government policy created and prolonged the Great Depression. It caused stagflation in the 1970’s. It is behind the current depression. Nevertheless, I feel fortunate to be an American. For it is the American experience which proves that scarcity need not exist.” (07/02/09) Link: http://partialobserver.com/article.cfm?id=3276 Filed under: RRND Commentary and Twitter-Worthy | Report Bad Link Bookmark this post in Furl or Del.icio.us | |
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