market-ticker.org / by Karl Denninger / 2017-06-15 09:55
I have long said mobility is an asset.
Well, no, I didn’t write any of this and didn’t know it was up until this morning when I saw it. But you really ought to read it, especially if you’re a young adult.
It’s not just about a feeling. It’s about opportunity.
There is quite a bit of data that says our mobility as a nation has decreased markedly over the last few decades. That’s a huge mistake and is a big part, in my opinion, of why we have the economic malaise that we do.
Our nation was designed for personal mobility by the Founders. They designed a system of multiple political laboratories. They are called States and yet we have done much violence to the premise of those laboratories by trying to make them as “same” as we can.
This is a grave error folks. You can’t peacefully change a political environment all of the time. Oh sure, it’s nice to believe you can, but the fact of the matter is that sometimes you can’t, whether due to corruption or simply stupidity of the people who live there.