Tuesday, October 27, 2009
No Free Lunch!
In this recording http://www.youtube.com/watch?v=32kkgQ23e0M&feature=related a radio reporter interviewed several individuals waiting in line for a government handout. During the brief interviews the reporter asked "where does this money come from?" With each response (such as "the city") the interviewer would further question them, hoping that they would arrive at the ultimate source of all government funds - tax payers. Unfortunately each individualseemed to believe that the money to fund their subsidies came out of thin air. Hence we encounter the underlying forces behind the pathological growth of the state - few recipients of entitlements and subsidies understand or care that they are funded by the labor of others. Too many people implicitly believe in the concept of a "free lunch."