Deregulation Is the Only Hope For Big Government - SchiffGold.com
Deregulation Is the Only Hope For Big Government - SchiffGold.com
Source: SchiffGold.com
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DW NOTE
SchiffGold argues that deregulation is the only way to sustain the welfare state—reduce friction in the private economy so it can generate enough revenue to fund transfer payments. The premise is accurate. The politics are impossible. No legislature deregulates to preserve entitlements; they expand both until the bond market forces a choice, at which point they choose inflation over reform.