Thursday, February 19, 2009

It All Comes Down to Morality in the End


Let's put Congress in charge of supermarkets! by Walter E. Williams

This is an excellent commentary that explains the driving force behind our economy in terms you can understand.

The idea that even the brightest person or group of bright people, much less the U.S. Congress, can wisely manage an economy has to be the height of arrogance and conceit. Why? It is impossible for anyone to possess the knowledge that would be necessary for such an undertaking. At the risk of boring you, let's go through a small example that proves such knowledge is impossible.

I would change one thing, I wouldn't use the term greed where he did. Greed is self-destructive and has bad connotations. It's not so much greed as providing for yourself and family, something that is completely necessary. It's healthy, it's right. It's what we all must do to live. It's what God intended. It's how we're wired and it builds us up and it builds up society.

That's not to say there isn't greed out there, there certainly is, and plenty of laziness, too. But that's not what works best. And that's why our economy is in so much trouble. Too much greed and laziness.

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