Raise the Alarm
(Don Boudreaux)
Here’s a letter to the Wall Street Journal:
Editor:
A WSJ.com headline today reads “Sanders Proposes to Wipe Out All Student Debt With Funds Raised From Wall Street.” Yet the text of your report belies this headline.
Sen. Bernie Sanders doesn’t propose to retire all student debt with money raised from Wall Street; he proposes to retire this debt with money taken from Wall Street.
An entrepreneur raises money when she entices venture capitalists voluntarily to risk their own money to back her business plan. A business raises money when it motivates investors to voluntarily buy its shares issued in an IPO. A development officer raises money when he persuades generous souls to voluntarily contribute funds to an institution or cause that the generous souls support. Government, in contrast, doesn’t raise money; it takes money.
Unlike people who actually raise money, Sanders doesn’t have to creatively present those with money with a win-win proposal. No. Like a thug well-armed, he simply and uncreatively – and with a motivation utterly primitive – seizes other people’s money.
Sincerely,
Donald J. Boudreaux
Professor of Economics
and
Martha and Nelson Getchell Chair for the Study of Free Market Capitalism at the Mercatus Center
George Mason University
Fairfax, VA 22030
Source: https://cafehayek.com/2019/06/raise-the-alarm.html
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).