The Zombies Want to Eat Your Flesh!
|by Bill Bonner, Chairman, Bonner & Partners|
Editor’s Note: Bill set out on horseback yesterday to visit his nearest neighbor. And he didn’t make it back to the ranch on time to write his regular Diary. So today, a classic from the archives…In politics and economics, most people believe what isn’t true: that the common folk select their leaders… and that these leaders are wiser than God.
We recall an early experiment. The pilgrims washed up in the wrong place… and then proceeded to almost exterminate themselves with clumsy central planning.
Their system discouraged work and encouraged zombies. Wrote Plymouth County governor William Bradford:
Some went to work for the Indians, cutting wood and fetching water in exchange for a “capful of corn.” Others starved.
Finally, the colonists abandoned central financial planning and collective production. Families were given individual plots of land, which they were able to cultivate for themselves. The colony was saved.
“This had very good success,” Bradford wrote, “for it made all hands very industrious.”
Check out The Diary of a Rogue Economist HERE