“Government is the great fiction through which everyone endeavors to live at the expense of everyone else,” wrote the celebrated French legislator, economist, and political theorist Frederic Bastiat 165 years ago. With recent reports out of the Census Bureau indicating nearly half of all Americans are receiving some form of direct government subsidy – Social Security, Medicare, Medicaid, food stamps, unemployment benefits, housing assistance, veterans’ benefits, etc. – can there be any doubt he was right?
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In elementary school, many of my teachers would place a long banner across the top of the chalkboard, reading “Knowledge Is Power.” The phrase is meant to teach students the importance of education and the empowerment it can bring. For today’s workers, this idiom remains relevant and significant.