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IPFS News Link • Economy - International

Don't Feed The Zombies...

• http://www.zerohedge.com, Submitted by Bill Bonner

The hidden story – and the real story – is that these are all clashes, battles, and skirmishes in the Great Zombie War.

On the one side: honest workers, businesses, entrepreneurs, and households.

On the other: fixers, meddlers, thieves, layabouts, and criminals.

Is it really that easy to understand?Probably not. But it helps us put things in perspective.

Take the proposal for a higher minimum wage. The Financial Times (Britain's equivalent of the Wall Street Journal) is usually wrong about everything. But it is right today: "Politicians cannot 'magic up' a national pay boost."

From the dawn of time until the moment you read this, politicians have never added one single cent to the wealth of the world.

They can move it around. They can suppress it. They can steal it and destroy it. But if you could add wealth by legislation, they would have gotten the hang of it long ago.


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