JUST SAY NO TO THE NANNY STATE
"The big government nanny-state is based on the assumption that free markets can’t provide the maximum good for the largest number of people. It assumes people are not smart or responsible enough to take care of themselves, and thus their needs must be filled through the government’s forcible redistribution of wealth. Our system of intervention assumes that politicians and bureaucrats have superior knowledge, and are endowed with certain talents that produce efficiency."
–Ron Paul, Republican Congressman, Texas
We’ll all be going to the polls on Tuesday to determine the fate of the next Congress. But whatever the outcome next week, remember that there is nothing superior to the free market when it comes to providing the maximum amount of good for the largest number of people. Politicians don’t know what’s best for you — only you know what’s best for you. Trust yourself.
Wisdom about money, investing and life can be found anywhere. If you have a good quote you’d like me to share with your fellow Alert readers, send it to me, along with any comments, questions and suggestions you have about my radio show, newsletters, seminars, or anything else.
Jim Woods is a 30-plus-year veteran of the markets with varied experience as a broker, hedge fund trader, financial writer, author and newsletter editor.
His books include co-authoring, “Billion Dollar Green: Profit from the Eco Revolution,” and “The Wealth Shield: How to Invest and Protect Your Money from Another Stock Market Crash, Financial Crisis or Global Economic Collapse.” He’s also ghostwritten many books and articles, as well as edited content for some of the investment industry’s biggest luminaries. Read more about Jim Woods.
