Wednesday, September 14, 2011

The Seven Deadly Sins (of Welfare Statism and Corporate Keynesianism)

1. Lust - a relentless pursuit of the aphrodisiac of power over the property of others.

2. Gluttony - overconsumption driven by easy money and deficit spending.

3. Greed - inflationary redistribution of wealth from the politically unconnected to the politically connected.

4. Sloth - the attitude of someone reared on the conviction that one can forever get something for nothing.

5. Wrath - anger stemming from realizing that one can no longer get something for nothing.

6. Envy - the desire to lay hands on the property of others, even though, or perhaps especially because, one did nothing to deserve its acquisition.

7. Pride - the conviction that one can centrally plan the economy, even if only on the macro level.

Ignore the Good Book's warning at your own peril.

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