Throughout history, prosperity has been built upon individual freedom and limited government. And now, the global economy has suffered the fastest setback – ever – the first caused by monstrous bureaucratic intrusions. The record includes many economic busts, but the only comparable collapse occurred in London in 1665. Shockingly, the important trade center suffered the Bubonic Plague with some 25 percent of the population dying. Naturally, finance and business collapsed, but not by destructive government restrictions. Diarist Samuel Pepys, recorded on October 16, 1665:
“But Lord, how empty the streets are, and melancholy, so many poor sick people in the streets, full of sores and so many sad stories overheard as I walk…And they tell me in Westminster there is never a physician, and but one apothecary left, all being dead – But that there are great hopes of a great decrease this week. God send it.”
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