Sunday, November 14, 2010

The Last Boom Town in America

Imperial Athens. Imperial Rome. Imperial Washington. Centers of power and, therefore, money. Power is Washington's product, and the more power it has, the more money it attracts.

As Washington gains power and wealth, it grows as an obstacle to production and innovation in the rest of the nation. Silicon Valley is just outside of San Francisco. LA produces world-class entertainment. What does Washington produce? Very little that does not depend on spending other people's money and telling them how to live.

As my hero Bastiat might have said, Washington is no longer a town that uses law to protect men and their property, it uses law to plunder both.

Why is Washington now home to 7 of the 10 richest counties in the United States? Because it is better to be the plunderer than the plundered.

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