Modern economics has been transformed into an arcane system—shrouded in mystery and incomprehensible terms and formulas (watch an old video of Alan Greenspan blathering on before Congress, if you question me!)—but that’s because corrupt politicians and bankers find such fog useful to hide quite simple realities.
When you pull back the proverbial curtain what you find are cunning thieves, concocting ways to “legally” rob people of what they’ve earned to the benefit of themselves, and their friends and patrons.
I love Daniel Hannan, laying yet another insanity bare in 60-seconds. Simple economic truth: If you reward lazy and/or evil bums, and penalize hard-working folk, you will soon find yourselves up to your eyeballs in bums.