In Defense of Liberty and Free Enterprise

By -
The United States for much of its history was the freest nation on earth. Sadly, that is no longer true. We need to regain our respect for the Constitution and Declaration of Independence and the principles they expound.

For our nation and its people to prosper in harmony there are five essential elements:
  • Individual liberty with the smallest government possible (history has shown the bigger the government, the bigger its temptation to meddle)
  • Free enterprise 
  • The rule of law
  • Judeo-Christian values (note: I'm not saying everyone should be a Christian or a Jew, I'm saying those values are essential)
  • All underpinned by a great education for everyone
From what I can tell, today's educational system often does not adequately explain the reasons free enterprise  (a/k/a, capitalism) is -- by far -- the best way to guarantee prosperity for everyone. The late Dr. Milton Friedman was an economist who had the gift of explaining economic concepts in an engaging way. 

Before there was Oprah! there was The Phil Donahue Show. Phil was a rather liberal host who would, over the course of an hour, bring on guests of all stripes and would allow the audience to question them. This 45-minute program (no commercials) is a terrific course in economics that I would recommend to your high school student. To whet your appetite, I have cued the clip up to where Dr. Friedman explains to Phil that, within reason, "greed" and pursuing one's own self-interest leads to far better outcomes than bureaucrats running an economy from inside the Beltway. 
If you appreciate his answer about greed, go back to the beginning of the program and watch the entire 45 minutes. I'm sure students, especially, will get a great of benefit, even if you don't agree with everything he says. 

Comments

Post a Comment

Popular posts from this blog

The East Coast Severe Weather Threat is Over

By -
Image
Midnight: The East Coast Threat for Tornadoes and Severe  Thunderstorms Has Ended 3:50pm. Tornado watch for the Middle Atlantic Region. 2:30pm Tornadoes are also forecast in the South. 2:20pm. A couple of tornadoes, hail and wind gusts to 65 mph are possible with these storms. This includes NYC and Philadelphia.  1:05pm. The tornado risk has been extended northward into New York. The brown area has a significant risk of tornadoes. Remember: if a tornado warning is issued, go to your basement and get under heavy furniture like a pool table. Of, if your basement is finished, get into the bathroom. Go ahead an put a couple of water bottles and, if appropriate, diapers in your shelter area. Wear shoes.  If you don't have a basement or safe room, go to the lowest floor and get into a bath or closet in the middle of your home. Children should be put in the bathtub.  I'll update later today. 
Read more

Today's Tornado and Severe Thunderstorm Outlook - 9:30pm

By -
Image
After 65 mph winds went through Wichita, we have been without power for 35 minutes. So, I am going to have to end coverage for the night (using backup systems to write this). Scroll down for the forecast of tornadoes and severe thunderstorms for Sunday and Sunday night.  Please read down for the latest forecasts regarding this dangerous tornado and damaging wind situation! 5:40pm, a new "regular" tornado watch has been issued for north central Kansas.  Note that wind gusts to 80 mph are likely in this storm in addition to tornadoes and giant hail. Please make sure friends and relatives in the area are aware of the danger in the area outlined in red below plus the red area outlined at 2:50pm  In addition to "several strong tornadoes," hail to 4.8" in diameter is forecast along with wind gusts to 80 mph. Now is the time for persons living in mobile homes, manufactured homes and those with mobility issues should be making plans!!  Do not wait until a tornado warn...
Read more

Updated Freezing Rain and Heavy Rain Forecast

By -
Image
Note: An Updated Forecast is Available HERE Freezing Rain The National Weather Service has now issued winter weather advisories, two warnings and a watch. It may be a bit too large but, when it comes to freezing rain and slick roads, caution is usually the better course of action.  Here's a color code: Deep purple is an ice storm warning; serious condition where power outages are possible. Pink is a winter storm warning for significant icing. Deep green is a winter storm watch. I don't know why this is still a watch. If I were on the forecast desk I would have a winter storm warning for icing.  Dark blue is a winter weather advisory, a lesser condition, for icing.  Here is a view of the entire watch/warning/advisory area. The small area of green in Illinois is for flooding and, in Nebraska, for snow.  Here is a forecast of freezing rain amounts; totals to 6am Tuesday.  Color codes: Yellow is 0.25 to 0.50 inches. Power outages may occur in this areas. Deep blue i...
Read more