Walter Williams: The Entrepreneur As American Hero
Dr. Walter Williams has served on the faculty of George Mason University in Fairfax, Virginia, as John M. Olin Distinguished Professor of Economics, since 1980; from 1995 to 2001, he served as department chairman. He has also served on the faculties of Los Angeles City College, California State University Los Angeles, and Temple University in Philadelphia, and Grove City College, Grove City, Pa.
Watch this excellent video below, if you cannot see it, you may view it by clicking this Link: The Entrepreneur
Healthcare
It is remarkable in it's defense of the Western Way of life as well as clear in the power of economics. Bloom reports, "Here's a basic fact of the Western way of life: Hard as we may find it to conceive, capitalism offers more things to believe in than any system that has come before. Nearly every faith, from Christianity and Buddhism to Islam and Marxism, promises to raise the poor and the oppressed. But only capitalism delivers what these ideologies and religions profess, century after century. Capitalism lifts the poor and helps them live their dreams. The proof is in the mega-perks we tend to take for granted."
Review this excellent 20/20 Report on the Comparision between the United States superior healthcare and that of the Nationally run healthcare of Canada.
A French Surprise: Politicians Don't 'Grow' Economies
by John StosselWhen I read last Friday’s headlines about Europe’s economy recovery, I thought it was odd that the MSM didn’t mention Europe’s resistance to America’s massive stimulus proposals. Was there a relationship?
Once again, the WSJ editorial board puts things into perspective:We witnessed that rarest of things last week—a politician's public humility. When France, along with Germany, reported an unexpected uptick in economic growth for the second quarter, French Finance Minister Christine Lagarde called the return to growth "very surprising." Imagine that—a major global economy stops shrinking, without the benefit of trillion-dollar stimulus packages or major reforms, and a politician doesn't rush to claim credit for the achievement.
Politicians don't "grow" an economy like a vegetable garden, and the reasons behind economic growth in the global economy are at least as mysterious to our political class, if not more so, than they are to the rest of us.
…it's refreshing to hear the minister responsible for France's economy speak the truth about growth. It is the product of literally millions of decisions made by millions of people about what to produce, buy and sell. Politicians can influence all that decision making, especially by increasing or decreasing the incentives to produce, work and innovate. But they can't control today's multi-trillion-dollar economies, no matter how much they'd like to take credit for doing so …
France and Germany were among the countries in Europe that resisted Treasury Secretary Tim Geithner's imprecations to join the U.S. on the megastimulus bus, and on present evidence this fiscal restraint does not appear to be hurting their chances for recovery.
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