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“It’s all part of the life-cycle of an economy. First it’s lawless capitalism until that starts to impede growth. Next comes regulation, law enforcement, and taxes. After that: public benefits and entitlements. Then, finally,“It’s all part of the life-cycle of an economy. First it’s lawless capitalism until that starts to impede growth. Next comes regulation, law enforcement, and taxes. After that: public benefits and entitlements. Then, finally, overexpenditure and collapse.”...more