The budget of the Goa government is Rs.3,320 crores. Would you be richer if this budget was Rs.10,000 crores? Or would you be richer if the budget was just one crore?
The man hemmed and hawed for some time and finally arrived at the truth:
He said, "We would be richer if the budget was just one crore, because we would obviously be paying less in taxes.
"Not just taxes," I said, "We would also not be paying for their inflation and their borrowings."
The fact is that big spending governments are BAD for us. I have written a recent post on this, titled "Against State spending: The more they spend, the more you lose."
It is indeed a GREAT DELUSION that increasing the quantity of money produces prosperity. It is only because of this great delusion that all central bankers can freely practice inflationism. They gain; we lose.
How can we be rich? We need Property - and Liberty. And money must be sound. Hard money is also Property. Gold is Property.
That is all we need. When we have Property and Liberty, we can raise Capital, save and invest, and carefully tend to our businesses. There is no short-cut to prosperity - and printing money is certainly not the way. The only way to be prosperous in a market society is to satisfy one's customers.
Of course, if you want to take this path, you will have to reject State Education. They deliberately spread the Great Delusion - and you succumb to their CONgame.
Bob Marley got it right:
Here comes the CON-man,
Coming with his CONplan...
We build your penitentiaries,
We build your schools,
You brainwash education,
To make us the fool....
Though Bastiat put it most forcefully:
If you want to have theories, systems, methods, principles, textbooks and teachers forced on you by the government, that is up to you; but do not expect me to sign, in your name, such a shameful abdication of your rights.
Reject State Education!
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