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Posts Tagged ‘economics’

I’ll spare you the policy wonk fun from Heritage, but check out this quote from some post-baseball season “light reading” (fully story here):

The country’s current left-wing government, led first by Peronist Party leader Néstor Kirchner (presi­dent from 2003 to 2007) and now by his wife, Presi­dent Cristina Fernández de Kirchner, has used revenues from commodities exports to finance the same sort of populist policies that have kept General Juan Peron and his political progeny in power in Argentina more or less continuously since the 1940s with a simple but economically destructive formula: wasteful welfare state handouts, a swollen bureau­cracy to redistribute wealth, and powerful closed-shop trade unions protected from foreign competi­tion; all generously lubricated with corruption.

See any parallels to today’s political discussion in the United States?

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Nice.  Those evil fat cat plumbers and other small business owners need to be more patriotic:

Democracy is a form of government that cannot long survive, for as soon as the people learn that they have a voice in the fiscal policies of the government, they will move to vote for themselves all the money in the treasury, and bankrupt the nation. – Karl Marx

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