Rational Optimist: Exchange and Specialization Increases Prosperity
The stock market is up four weeks in a row, but there seems like so much is wrong. It pays to remember that when humans are free to exchange and specialize, prosperity emerges and advances. It makes sense that the stock market would go up in anticipation of a Republican takeover of Congress and the slowing of the Obama Big Government agenda. Less federal government, lower future taxes, less regulation all increase exchange and specialization in America and the world. Here's
America's optimism has been sucked up in a vacuum that has become the US government. Optimism is not a value of those that believe that centralized government run by a small group of eggheads can solve the consequences of failure in the Free Enterprise system. Optimism is a value of the 70% of us that believe that free enterprise represents fundamental American values: private property, liberty, limited government and individual opportunity.Even foreigners are asking what the
Forget the tax cut debate: Ask who gets to spend earned value – government or free enterprises
The expiration of the Bush tax cuts of 2001 and 2003 are a contentious issue. The problem is that the frame of the debate is wrong. Secretary of the Treasury Geithner recently said that America can't afford to renew the Bush tax cuts for the wealthiest Americans. Republicans say that the Administration is crazy to let any taxes go up in such a severe jobs recession. The question should be who gets control of income created - the government or the citizen.
I have gone through this book one time and it struck me that everyone should read this so we can learn to be optimistic again. Less about politics and ideology and more about economic history, "The Rational Optimist" shows why the good old times weren't that good after-all! An investor needs to
Arthur C. Brooks in the Washington Post writes: This is not the culture war of the 1990s. It is not a fight over guns, gays or abortion. Those old battles have been eclipsed by a new struggle between two competing visions of the country's future. In one, America will continue to be an exceptional nation organized around the principles of free enterprise -- limited government, a reliance on entrepreneurship and rewards determined by market forces. In the
