Stock Exchange

Congress blamed insider market abuses and inadequate disclosure of financial data for the Great Depression, and reacted by creating the SEC. In truth, the Great Depression had more to do with tariffs and poor Federal Reserve policies. I feel like I’ve heard this story before: the government causes a problem, and uses the problem as a reason to take more power.

Only the Rich

The government gives an excludable good away for free: roads, parks, education, medicine, whatever.  Then some economist advocates privatization of one of these freebies.  Technocrats may offer some technical objections to privatization.  Normal people, however, will respond with a disgusted rhetorical question: “So only the rich should have roads / parks / education / medicine / whatever?”

Let’s Take a Time Out

Think the following question to yourselves: How come with all of the hundreds of thousands of laws that have been passed since the inception of America, our social structure is collapsing to the point where hateful class warfare has developed? Our infrastructure, our education system, our justice system, our healthcare system, our welfare system and our defense system are all in a deplorable state. Why is it that way?

Fifty-Fifty

The paradigm has to be changed.  But we must avoid the old siren song of central planning.  We have had enough of trying to control from where maturity and brightness come.  We only know that it doesn’t automatically come from old white guys with too much schooling and/or too much money.