(HT: Patriot Post)
There is all the difference in the world between treating people equally and attempting to make them equal. While the first is the condition of a free society, the second means as De Tocqueville describes it, ‘a new form of servitude.’
–economist Friedrich August von Hayek (1899-1992)
(HT: Patriot Post)
Between 1787 and 1930, our nation suffered both mild and severe economic downturns. There was no intervention to stimulate the economy, but the economy always recovered. During the 1930s, there were massive interventions, starting with President Herbert Hoover and later with President Franklin D. Roosevelt. Their actions turned what would have been a sharp three- or four-year economic downturn into a 10-year affair. In 1930, when Hoover began to ‘fix’ the economy, unemployment was 6 percent. FDR did even more to ‘fix’ the economy. As a result, unemployment remained in double digits throughout the decade and reached 20 percent in 1939. President Roosevelt blamed the high unemployment on his predecessor. … Americans have been miseducated into thinking that Roosevelt’s New Deal saved our economy. That miseducation extends to most academics, including economists, at our universities, who are arrogant enough to believe that it’s possible for a few people in Washington to have the information and knowledge necessary to manage the economic lives of 313 million people.
–economist Walter E. Williams
Random thoughts from a wise man:
How long do politicians have to keep on promising heaven and delivering hell before people catch on, and stop getting swept away by rhetoric?
Can anyone say…emotions?
With all the talk about people paying their "fair share" of income taxes, why do nearly half the people in this country pay no income taxes at all? Is that their "fair share"? Or is creating more recipients of government handouts, at no cost to themselves, simply a strategy to gain more votes?
Yah think?!? (Oh, sorry, didn’t mean to intrude that “t” word!)
Some people are puzzled by the fact that so much that is said and done by politicians seems remote from reality. But reality is not what gets politicians elected. Appearances, rhetoric and emotions are what get them elected. Reality is what the voters and taxpayers are left to deal with, as a result of electing them.
Talk about reality checks!
Instead of following the tired old formula of having politicians and bureaucrats give college commencement speeches, in which they say how superior it is to follow a career as politicians and bureaucrats — "public service" — why not invite someone like John Stossel to tell the graduates how much better it is to go into the private sector, supplying what people want, instead of imposing the government’s will on them?
There’s some guidance counseling you’ll never hear!
In politics, few talents are as richly rewarded as the ability to convince parasites that they are victims. Welfare states on both sides of the Atlantic have discovered that largesse to losers does not reduce their hostility to society, but only increases it. Far from producing gratitude, generosity is seen as an admission of guilt, and the reparations as inadequate compensations for injustices — leading to worsening behavior by the recipients.
A cause and effect incomprehensible to the left.
Different people prefer different exercises. The Republicans’ favorite exercise is running for the hills. The Democrats’ favorite exercise is kicking the can down the road.
Go read the rest…now!