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Economic Ignorance Will Kill America (Part 2 of 2)

Daily Dose of Reason - Politics & Government
  
Thursday, 05 April 2012 00:00

dollarbillConclusion of yesterday’s column.

“Give us cheap capital.”
— Chris Zane, bicycle shop owner in Branford, CT

We’re told that it’s the small businesses who will save us. First of all, it’s not any particular business — small or large — that will save us. The only thing that will save us is free market capitalism, grounded in the values and virtues of honesty, productivity and rationality that stem from self-interest.

If it were up to this bicycle shop owner to save us, we’d all be doomed. Saying “give us cheap capital” is the same as saying,
Read more...  [Economic Ignorance Will Kill America (Part 2 of 2)]
 

Economic Ignorance Will Kill America (Part 1 of 2)

Daily Dose of Reason - Politics & Government
  
Wednesday, 04 April 2012 00:00

moneymoneymoneyA recent CNN Money online article entitled, “Dear Mr. President” asked a sampling of successful businesspeople to advise President Obama what to do in order to help the economy.

Their answers illustrate what is both wrong and right about the American people, particularly business owners.

Dr. Hurd inserts his comments following each answer.


“Make more credit available.”
— Matt Lewis, co-owner of a bakery in Brooklyn, NY.

“Credit” refers to money, specifically money taken from people who have lots of capital and loaned to people who lack it. Government does not “make” credit any more than it
“makes” wealth, money or value.

Government, at present, does control our currency through the Federal Reserve System. (We can see how well that system has worked out.) But controlling is not the same as creating. If there were no earned wealth in the American economy in the first place, there would be no government to take it over in the alleged “best interest” of the system. 

If people did not create products and services in the private sector, there would be no
Read more...  [Economic Ignorance Will Kill America (Part 1 of 2)]
 

Falling in Love With Love

Daily Dose of Reason - Psychology & Self-Improvement
  
Tuesday, 03 April 2012 00:00

loveAccording to research reported in Scientific American Mind, about half of first marriages fail in the U.S., as do two thirds of second marriages and three quarters of third marriages. The researchers suggest that it’s because people usually “enter into relationships with poor skills for maintaining them and highly unrealistic expectations.”

It’s not just the expectations themselves that are the problem. The very fact that things work out so differently from the way people expect suggests that they don’t really know their partners. 

People who are more in love with love—or more in love with
Read more...  [Falling in Love With Love]
 

Jimmy Carter: Wrong on Abortion, Right on Consistency

Daily Dose of Reason - Ethics
  
Monday, 02 April 2012 00:00

abortion-rights-pro-and-conFormer President Jimmy Carter, a Democrat, recently expressed these views on abortion:

"I never have believed that Jesus Christ would approve of abortions and that was one of the problems I had when I was President, having to uphold Roe v. Wade, and I did everything I could to minimize the need for abortions. I made it easy to adopt children, for instance, who were unwanted and also initiated the program called Women and Infant Children, or WIC, a program that’s still in existence now. But except for the times when a mother’s life is in danger or when a pregnancy is caused by rape or incest I would certainly not or never have approved of any abortions."

"I’ve signed a public letter calling for the Democratic Party at the next convention to espouse my position on abortion which is to minimize the need, requirement for abortion and limit it only to women whose [lives] are in danger or who are pregnant as a result of rape or incest. I think if the Democratic Party would adopt that policy that would be acceptable to a lot of people who are now estranged from our party because of the abortion issue." 

I don't agree with Jimmy Carter's position on abortion. I actually agree with
Read more...  [Jimmy Carter: Wrong on Abortion, Right on Consistency]
 
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