> the shameful secret of the welfare state is that it makes irresponsible slaves out of previously free and responsible people
> The actual producers of wealth are a very small group
So in the absence of the welfare state, what happens to the vast majority who are allegedly not producers of wealth?
> the free market tends to consistently lower the prices of goods and services over time
Not only is this a recipe for deflation (which the article doesn't address at all), but I don't see how it could be true with growing population and diminishing resources allocated through competition.
> The actual producers of wealth are a very small group
So in the absence of the welfare state, what happens to the vast majority who are allegedly not producers of wealth?
> the free market tends to consistently lower the prices of goods and services over time
Not only is this a recipe for deflation (which the article doesn't address at all), but I don't see how it could be true with growing population and diminishing resources allocated through competition.