An old post I apparently missed on the Mises Economics Blog:
My friend, not exactly a libertarian but not a socialist (pro-market, anti-war, anti-cop) — okay, pretty libertarian, actually — thinks that if the US government, for the last 40 years, had spent nothing on war or welfare or anything else, but retained the same tax schedules, it would have been able to fund the creation of a dragon.
Yes, a dragon. As in a large flying nearly reptilian beast that breathes fire…
For all this welfare-warfare spending, the feds could have made a dragon by now. The unseen cost of socialism and militarism in the American experience has been a dragon.
With a dragon, no country would mess with us, because we have a dragon.
We would again be the envy of the world.
Read the rest here.Published in