The “Iron Maiden. She was the staunch and sturdy leader of Great Britain who once held up F. A. Hayek’s masterwork “Road to Serfdom” and declared “This is what we believe in.” Hayek’s work is a road map for what could go wrong when individual freedoms are lost and central planning becomes the answer for every ill. When truth is bent to meet the moment and government decision making is the proposed cure all, “serfdom” is the destination. Margaret, in believing Hayek’s cautionary, also declared that Socialism cannot sustain itself. Socialism can not last because eventually “you run out of other people’s money. Well Margaret, you can’t believe what has happened. Enter the Federal Reserve and Central Banking. Once created for the proposed purpose of easing temporary strains in the financial system, the central planners that are now the central banks, have made certain that governments “will not run out of other people’s money. The natural circuit breaker to inordinate spending and socialisms that Margaret pointed to is no longer in play. Money is now “created” to sustain the programs that, in Ms. Thatcher’s world, would eventually become “unsustainable.
Posted on: Mon, 28 Jul 2014 19:48:11 +0000
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