Creation Science
Traditional Historic American Values - Part 1
09/September/2009 09:09 Filed in: Weekly
Column
From very recent history it seems as if the traders
on Wall Street believe that their rapidly
increasing fortunes are again just a few months
away. To a certain extent they are correct because
it really doesn’t make a whole lot of difference to
them because they get paid as long as the markets
continue to function, up or down. The only time
they really lose is when nothing happens. This
brings up two questions you might like to ponder,
because the future of Wall Street traders really is
of no interest here, but for your intellectual
musings they may be:
Does Wall Street any longer reflect the true prosperity of the country (and the world), or is it just an exclusive special interest, determined to extract monetarily its due no matter the greater social costs?
Since the recent inception of a new enterprise model called “Too big to fail” has government intervention in big business essentially sown the seeds of future economic stagnation, or worse, that will eventually have to be treated as weeds and eradicated, to again restore the diversity of the free market system?
Moving on, a few weeks ago I was reading a Wall Street Journal interview with the current Governor of Texas, Rick Perry. The essence of that article discussed present Texas prosperity while the rest of the nation languishes in prolonged recession, budget deficits, and essential despair. Early in the interview the governor pointed to a table with three books that outlined his programs for the current Texas prosperity. Those three books were “The Road to Serfdom” by F. A. Hayek; “The Forgotten Man” by Amity Shlaes, and “The 5000 Year Leap” by W. Cleon Skousen.
Both Hayek’s and Shales’ books are favorite references at Wonder Springs, and over time we have written reviews and quoted frequently from their pages, however I was not aware of “The 5000 Year Leap.” Since at that time I was in Spokane I stopped at a bookstore and picked up a copy. I normally write a review of a book, music album, or article and pretty much leave it at that, but after taking in The Leap, I decided a little more depth was needed. What I read in the pages was what I long believed about the Founders and the Constitution of the American Republic, but had never read anywhere, or heard properly discussed in context. So today we begin that journey, but before we begin that context, I shall digress for a little personal context.
Read More...
Does Wall Street any longer reflect the true prosperity of the country (and the world), or is it just an exclusive special interest, determined to extract monetarily its due no matter the greater social costs?
Since the recent inception of a new enterprise model called “Too big to fail” has government intervention in big business essentially sown the seeds of future economic stagnation, or worse, that will eventually have to be treated as weeds and eradicated, to again restore the diversity of the free market system?
Moving on, a few weeks ago I was reading a Wall Street Journal interview with the current Governor of Texas, Rick Perry. The essence of that article discussed present Texas prosperity while the rest of the nation languishes in prolonged recession, budget deficits, and essential despair. Early in the interview the governor pointed to a table with three books that outlined his programs for the current Texas prosperity. Those three books were “The Road to Serfdom” by F. A. Hayek; “The Forgotten Man” by Amity Shlaes, and “The 5000 Year Leap” by W. Cleon Skousen.
Both Hayek’s and Shales’ books are favorite references at Wonder Springs, and over time we have written reviews and quoted frequently from their pages, however I was not aware of “The 5000 Year Leap.” Since at that time I was in Spokane I stopped at a bookstore and picked up a copy. I normally write a review of a book, music album, or article and pretty much leave it at that, but after taking in The Leap, I decided a little more depth was needed. What I read in the pages was what I long believed about the Founders and the Constitution of the American Republic, but had never read anywhere, or heard properly discussed in context. So today we begin that journey, but before we begin that context, I shall digress for a little personal context.
Read More...