Ethical Rules Are Universal Within A Society.

The point being made here is that individuals know that it is improper to take on massive amounts of debt when it so happens that it is a proven fact that there already is more debt than can be handled properly. Acting according to this ethic individuals have to economize, cut expenses, work harder, or if that still cannot solve the problem then bankruptcy has to be declared.

These ethical rules apply to everyone or else society will break down. That is the danger of the unethical practices of the out-of-control State. It violates the ethical rules that society is built upon and that sustain social cooperation. This priviledged, unethical interventionism undermines society.

There is no moral authority for economic intervention. Statism is destructive and cannot in any way be allowed to exist in a society of peace, liberty and prosperity.

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