Redneck Review
No. 60  6/13/2016
To pick up where last week's review ended, let's ask again, "What will it be folks? Our way of life or something different?" Clearly, America is facing today, one of two choices. First, to go back to the past to the way of life and the basic system which provided the foundation for our country's unmatched centuries of freedom and wealth.
And what was that basic system? I submit that it included a belief in a personal God who created us and is responsible for our existence. A God who expects us to live by a set of Commandments, and who will reward or punish us accordingly. A God who expects us to use our intellect and free will to love Him above all things and love our neighbors as ourselves!
Responsibility is a key word in this system, as each individual is expected to utilize the particular talents given, first to provide for himself and any family involved, and second, to work for the good of the society lived in! And the result? An explosion of wealth and progress resulting from the creative output of individuals and their unique talents!
The bottom line is, with rare exceptions, each individual is given the talent to care for himself, and to contribute to the well-being of society around him. And those most capable of meeting the needs of neighbors are rewarded accordingly!
The result! Thousands of new ideas and new products flowing from creative minds striving to satisfy wants and needs of their associates at the lowest possible cost! And in a free society, both producer and consumer find their living standard improved!
But what is the alternate choice we are offered? A conviction that the average individual needs help to provide the good life for oneself and loved ones. A belief that superior individuals in charge will use the power of government to create and sustain standards of living equally pleasant for all. A conviction that society owes all members equal access to the good things in life. A system that transfers "excess" wealth from the rich, and gives equal shares to the less fortunate.
The result? History teaches us that a "you owe me" frame of mind develops in people lured into an expectant life style, that individual initiative slowly dies, that the urge to create and invent disappears with the wealth that is stripped from the producer and given to the class that is content to sit back and take! Common sense teaches the same! It doesn't work!
Books have been written analyzing societies that adopt one or the other of these different systems! In economics, MICRO ECONOMICS is the title given to the theory that solutions come from the ground up! Unemployment for example, is an individual problem! It is cured on a one by one basis, with the unemployed person working harder, or gaining additional skills and utilizing education to improve worth. Wow! It might even include willing to work at a lower wage to get started! An old-fashioned idea, incompatible with a "minimum wage!"
Compare that to MACRO ECONOMICS, the Keynesian rage in college classes today, that proposes solutions from the top down. Unemployment for example, triggers government aid, government work projects, grants in aid, etc. Anything that an existing government can do to  stimulate economic activity in an area and provide work for all!! And that includes interest rates near zero, massive injections of money, and yes, also demands a "minimum wage!"
Jake Wren

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