As reported by CNN, Hillary Clinton said she and Bill Clinton were "dead broke" and had "no money" when they left the White House in January, 2001.
After their stint in the White House, Hillary served in the US Senate for eight years and served as Secretary of State for four years. Bill has lived the life of a retired US President.
Yet today, 15 years later, a simple Google search reveals that Hillary Clinton has a net worth of $31.3-million and that she and Bill have a total net worth of $111-million.
How does something like that happen?
We all know that it is possible for great sports figures, actors and entrepreneurs in business to earn many millions of dollars in the
private sector in this great country of ours in a short period of time.
But the Clintons are not great sports figures, actors or entrepreneurs. They are ex-politicians and "public servants."
Donald Trump is, supposedly, worth $3.7-billion. But he is an entrepreneur. He has built a huge business. He has created thousands of private sector jobs and built hundreds of buildings. The Clintons have built nothing.
$111-million is a lot of money. How exactly did they earn it?
"Side by side with the word 'property' in the program of liberalism one may quite appropriately place the words 'freedom' and 'peace.'" Ludwig von Mises, "Liberalism, In The Classical Tradition"
About This Blog
Ludwig von Mises (1881-1973) was the greatest economist of my time. His greatest works can be accessed here at no charge.
Mises believed that property, freedom and peace are and should be the hallmarks of a satisfying and prosperous society. I agree. Mises proved beyond a shadow of a doubt that the prospect for general and individual prosperity is maximized, indeed, is only possible, if the principle of private property reigns supreme. What's yours is yours. What's mine is mine. When the line between yours and mine is smudged, the door to conflict opens. Without freedom (individual liberty of action) the principle of private property is neutered and the free market, which is the child of property and freedom and the mother of prosperity and satisfaction, cannot exist. Peace is the goal of a prosperous and satisfying society of free individuals, not peace which is purchased by submission to the enemies of property and freedom, but peace which results from the unyielding defense of these principles against all who challenge them.
In this blog I measure American society against the metrics of property, freedom and peace.
Mises believed that property, freedom and peace are and should be the hallmarks of a satisfying and prosperous society. I agree. Mises proved beyond a shadow of a doubt that the prospect for general and individual prosperity is maximized, indeed, is only possible, if the principle of private property reigns supreme. What's yours is yours. What's mine is mine. When the line between yours and mine is smudged, the door to conflict opens. Without freedom (individual liberty of action) the principle of private property is neutered and the free market, which is the child of property and freedom and the mother of prosperity and satisfaction, cannot exist. Peace is the goal of a prosperous and satisfying society of free individuals, not peace which is purchased by submission to the enemies of property and freedom, but peace which results from the unyielding defense of these principles against all who challenge them.
In this blog I measure American society against the metrics of property, freedom and peace.
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