[...] why should he be rewarded for nor spending it? [...] suppose we allow people to earn interest on loans. [...] this escalating trade in unreal estate will come to a halt, and everybody will look down at what he has been holding in his hands and furiously trading with his neighbors, to discover that it is just a piece of paper, on which there is nothing written save an empty promise.\n And the strange thing is that a government's stealing from the next generation in order to buy the votes of the present one is supposed to be perfectly acceptable, while Bernard Madoff is now facing many years in jail, accused of doing the same.
The Long Run Roger Scruton The American Spectator; Apr 2009; 42, 3; Docstoc pg. 42 Reproduced with permission of the copyrig
Pages to are hidden for
"The Long Run The Long Run Roger Scruton"Please download to view full document