Thursday, March 24, 2011

Welfare for the Poor? Small Potatoes!!

John Stossel at Human Events declares that the true welfare junkies are big corporations such as General Electric. Here's a snippet from the article:

The problem is that government has no wealth of its own. All it can do is move wealth from where the market would have channeled it to where politicians want it. Who knows what would have happened if free people had the money that goes to high-speed rail? Maybe cancer would have been cured.

"The private sector isn't going to cure cancer by itself," Draut says.

Greedy drug companies aren't going to cure cancer? I asked.

"They would have by now, if they could."

People with a central planner's mentality have what F.A. Hayek called "the fatal conceit."

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