The Golden Age of Government Is Just Beginning (lewrockwell.com)
- Highlight Loc. 39-46 | Added on Wednesday, December 07, 2011, 04:26 PM
As a result of the disgusting Treaty of Versailles following WWI, the German government was made insolvent in exactly the same way that today’s Western governments are insolvent. The gigantic war "debt" foisted on the German government’s books was literally impossible to pay off, just as most Western governments today have debts and future liabilities on their books that cannot possibly be honored. What was the result of this de facto bankruptcy of the German government in the 1920’s? Did it automatically usher in a golden age of individual liberty and limited government in Germany in the 1930’s? Did the German government stop taxing its subjects or printing money? Did the German government learn its lesson about wasting its people’s money on pointless and extravagantly wasteful wars?
