THE FATE OF ROME AND WHAT DISAPPEARED: The Minnesota Prelude - WSJ.com
We all know that Rome was overrun by barbarians (could we call them Democrats?); but, what is worth thinking about is that what Rome built was lost and not recovered to any measurable extent for 1,000 years (recall the term "Renaissance").
Here in Europe one easily sees how high taxes and union labor law restrictions have stagnated the economy.
The vitality has been sapped - not unlike what brought about the downfall of Rome.
Maybe the Democrats are right. We should tax away the store to provide for the wants and needs of early retirees, those who fail to get an education or improve their skills or those who seem hidebound by restrictive belief systems of one kind or another. But, history isn't a positive supporter of the sustainability of such systems.
What's the current rate of inflation in Venezuela or Argentina? And, what's the job growth in Greece? Etc.
Wednesday, May 12, 2010
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