Arbitrary Vomit

clipped from www.davidwarrenonline.com What I am describing is merely the massive, systemic corruption that is endemic to any Nanny State. In the grand scheme of history, we may well discover that absolute monarchy is more consistent with fiscal rectitude and individual freedom. In the meantime, we must accommodate ourselves to absolute politicians, and the bureaucracies they create to regulate the details in our private lives. What I fear is worse than corruption, however. Into the transient pain of a market correction -- supply exceeding demand; wherein the impoverished but rational citizen can take advantage of falling prices -- we have the utterly unpredictable effect of governments vomiting utterly unprecedented volumes of cash, in an utterly arbitrary manner. This creates circumstances in which the citizen simply cannot behave rationally, and in which he will almost certainly be punished if he saves (given the inevitable inflation), and punished if he spends (money he desperately needs to husband).