Old Keynesian Dogs, Old Fiscal Tricks

Surprise! Surprise! Voters with less wealth want the government to stick a gun in the belly of anyone with more wealth, telling him to fork it over. Of course, voters do not want the government to send people with guns to stick in their bellies, on behalf of people even poorer, who are far more numerous.

The politics of envy is the politics of this commandment: "Thou shalt not steal, except by majority vote." It is the politics of two wolves and a sheep voting on what to have for dinner. It is alive and well all over the world.

Gary North is not optimistic about the state of our economic affairs.