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Tag Archives: libertarianism
Everyone is talking about the present debt ceiling debate, but few people are talking about the root of the issue. Why is it that our nation spends more than it receives in taxes?
Here are a couple of issues which outline the root of the issue, our fractional reserve banking system:
And is a rather hilarious version:
This is what the debt ceiling debate is really about. What is amazing is that people who are for raising the debt limit are actually for inflation. Its a sadomasochistic state of affairs. Liberals get people hooked on money that isn’t theirs, it doesn’t exist actually, and through that addiction they get them to support the system of printing money without end.
Who is hurt the most in this scheme? The poor. It is difficult, if not impossible, to build wealth if your wealth’s value is constantly depreciated.
The Virtues of Capitalism: A Moral Case for Free Markets was written to combat the popular notion, especially following recent economic events, that capitalism has failed and/or that it is somehow inherently immoral.
Capitalism brings out the best in people. It stabilizes society, fosters creativity, rewards initiative, promotes cooperation, engenders civility, and encourages personal responsibility. People who possess those virtues also make better neighbors and a better society.
In this timely and balanced book, Austin Hill and Scott Rae agree with capitalism’s critics that the economy is essentially a moral issue, but they argue that free markets are the solution to financial disasters rather than the cause. Sure there are legitimate criticisms of the market system — and real limits to what it can and should accomplish — but, in the end, capitalism both depends upon and sustains classic Judeo-Christian virtues better than any of its rival systems. Thoughtful and engaging, The Virtues of Capitalism pushes against the tide of current public opinion and some of the administration’s proposed economic policies with a principled defense of capitalism.
The virtues outlined in the book are:
Additionally, I greatly appreciate how the authors address a common refrain from the Christian community wherein economic issues are said to be periphery and not something most Christians think they should be involved with. The authors rightly point out that the furtherance of moral issues requires money. And how our economics are structured determines how much or little we will be able to do about any particular issue.
The authors also have a helpful Youtube channel with video shorts designed to elucidate some of the points made in the book. I’ll likely post them later.