Thursday, September 30, 2010

Mob Rule in Europe

Jonathan Hoenig's latest piece in Smart Money is well-worth reading. I particularly like this paragraph:
The conflicts are the inevitable consequences of entitlement spending and a society geared towards the “common good," not individual rights. Turns out the much-heralded “safety net” isn’t safe at all: When bureaucrats decide how long you work, what type of benefits you receive and which industries or sectors receive privileged treatment, the economy quickly turns into mob rule.

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