Wednesday, December 05, 2007

Stossel

John Stossel, has a good follow up piece on how capitalism and private ownership of real estate save the Pilgrims.

Excerpt

I practice charity regularly. I believe in sharing. But when government takes our money by force and gives it to others, that's not sharing.

And sharing can't be a basis for production -- you can't share what hasn't been produced. My point is that production and prosperity require property rights. Property rights associate effort with benefits. Where benefits are unrelated to effort, people do the least amount necessary to get by while taking the most they can get. Economists have a pithy way of summing up this truth: No one washes a rental car.


You'd think a congress person might have some knowledge of this.

More....

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