Forum Post: The Seen & Unseen: The Productive Verses the Destructive Economy

It’s a sad day when those on the left end of the political spectrum understand Frédéric Bastiat’s simple economic lesson of the seen and the unseen better than billionaire businessmen. But something tells me they know better. Fear-mongering estimates about the terrible job losses that would occur if cuts to defense budgets actually take place are ignoring – knowingly, I bet – the jobs that would be created if the taxes taken from the economy and given to defense firms were allowed to stay in the hands of the people for projects that don’t end in destruction, war, and murder. Entrepreneurial Americans are largely peaceful people; keeping the moolah in their hands will lead to productive economic activity – and thus, more jobs.

Read the rest: http://www.antiwar.com/blog/2011/10/27/the-seen-and-the-unseen-the-productive-vs-destructive-economy/