The Humble Libertarian

Building a small army to take over the world and... leave everybody alone.


Tuesday, June 19, 2012

The Washington 1 Percent


This orgy of money printing and spending has done little for the residents of Main Street but has done wonders for Wall Street and other politically connected interests. Today, no Western, industrialized country operates under genuine capitalism. What passes for the free market in the context of mainstream political debate is actually a fascist-like partnership between big government and big business. The dynamic, cost-cutting competition that defines the uninhibited market has been stifled by Washington's endless decrees of regulation.... In a recent Time magazine article entitled "Bubble on the Potomac," author Andrew Ferguson documents the lifestyles of those within or well-connected to the federal-government apparatus: Even as the nation struggles, the capital has prospered, making it a magnet for young hipsters but leaving its residents with only a tentative understanding of how the rest of the country lives.
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Ludwig von Mises Institute 

Judy Morris,
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