Saturday, March 17, 2012

Quote of the Day: Hidden Cost of Regulations

The truth is that there is no way to calculate the real cost of more regulations, more taxes, and more government control. It’s sort of like Obama insisting that his policies have “saved jobs.” How in the hell does anyone prove he saved jobs? He can’t. It’s a statement carefully crafted for idiots. No rational person with an IQ above 60 would take seriously such an absurd claim.

Likewise, you can’t prove what the cost of a government monstrosity like Obamacare will cost, because it’s impossible to know how many companies it will put out of business, how many jobs will be lost, how much it will destroy the economy, how high interest rates will go, and how bad the coming hyperinflation will be.

The truth is that the cost could be in the trillions of dollars, but no one can ever know for sure because most of the costs are hidden. And the biggest cost would likely be the loss of what is left of our freedom and of the country that was once known as the United States of America.

From libertarian author Robert Ringer

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