by Monty Pelerin
Monty Pelerin’s World
The Chinese have an interesting saying: “May you live in interesting times.” And we do! Civilization is on the brink. It likely will not recover from our current situation.
Civilization is on the brink, but not because of the Chinese. Their behavior regarding the coronavirus pandemic has been shameful. Lives have been lost that could have been saved had they been transparent on the virus. Jobs, businesses and dreams were shattered.
Civilization Is On The Brink Because of Government
Civilization is on the brink because of our own government and other governments around the world. They have so debauched the currency (even before the current crisis) that a worldwide hyperinflation is inevitable.
In this country, the Federal Reserve is the mechanism that the political order used to fund unimaginable spending on useless projects. Along the way, welfare state programs destroyed a large segment of the population’s will or need to work. There should be no such thing as “entitlements.”