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free trade & free markets general freedom ideological culture individual achievement media and media people national politics & policies

Parker and the Pope

Kathleen Parker is far from my favorite columnist, but her Sunday column comparing Pope Francis and presidential aspirant Sen. Bernie Sanders regarding their shared message on economic fairness and equality of outcomes was well worth the effort.

She treats the men differently. She gives Pope Francis a pass because, as a religious leader, he “wants to raise consciousness about our obligation to the less fortunate,” while bashing Sanders, the politician, who “wants to restructure America’s economic institutions to ensure that money trickles down — mandatorily rather than charitably.”

“Let’s face it, most of us work hard . . . for a paycheck.” So Parker pointedly asks, “As the tax man chisels away at such monetary rewards, where goes the incentive to work hard?”

How persuasive — encouraging actual, real-world achievement — would a Sanders Four Year Plan be?

Addressing the Pope’s harsh words for individualism, Parker argues, “The ‘rampant individualism’ that Francis condemns is precisely what has driven American ingenuity, entrepreneurship and a level of prosperity unmatched in human history.”

Precisely.

In other words, maybe — just maybe — we did build it. Through our own sweat and toil. Individualism is decidedly not big government. And it is not public-private crony capitalism, either.

So, considering that it was America’s laissezfaire-ism that created such great wealth and prosperity, which presidential candidates are promising a return to more robust and vivacious individualism?

Not the ones promising everything. Nor the one promising the “best deal.”

The job of the next heroic leader will be to shovel whole layers of intrusive government out of our way.

Parker seems on board, boasting, “This is common sense.”

Hey, wait a second, Kathleen, that is my line. I’m Paul Jacob.


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Kathleen Parker, Pope Francis, Bernie Sanders, economic fairness

 


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Categories
Today

Buchenwald

On April 11, 1945, the American Third Army liberated the Buchenwald concentration camp, near Weimar, Germany, a camp that would later be judged second only to Auschwitz in the horrors it imposed on its prisoners.

Among those in the camp saved by the American soldiers was Elie Wiesel, who would go on to win the Nobel Peace Prize in 1986.


Shown in photograph: German citizens ushered to the camp by American soldiers, post-conquest.

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Thought

Rose Wilder Lane

When Government has a monopoly of all production and all distribution, as many Governments have, it can not permit any economic activity that competes with it. This means that it can not permit any new use of productive energy, for the new always competes with the old and destroys it. Men who build railroads destroy stage coach lines.


Rose Wilder Lane, Discovery of Freedom (1943).

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links

Townhall: Accelerated Disillusion

The pace of this election year is picking up. But what we are sure to gain faster isn’t what the candidates want.

Click on over to Townhall.com for this weekend’s dose of Common Sense. Then come back here for the extra dollops of information and opinion:

Categories
Thought

H. L. Mencken

Progress . . . is to be measured by the accuracy of man’s knowledge of nature’s forces. If you examine this sentence carefully you will observe that I conceive progress as a sort of process of disillusion. Man gets ahead, in other words, by discarding the theory of to-day for the fact of to-morrow.


H. L. Mencken, in Robert Rives La Monte and Mencken, Men versus The Man (1910).

Categories
Today

Good Friday Agreement

On the hundredth day of 1998, the Northern Ireland peace talks ended with an historic agreement, dubbed the Belfast, or Good Friday Agreement. The accord was reached after nearly two years of talks and 30 years of conflict.

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video

Video: Socialists Are Dead Wrong About Sweden

Johan Norberg gives the concise case against the old hat leftist love for “Swedish Socialism”:

Look around YouTube and you will find more from Norberg about the reality behind the myths of Scandinavia.

Categories
Thought

Rose Wilder Lane

I am a contributing creator of American civilization; it does not create me. I control the stem of this civilization that is within my reach; it does not control me. It can not even make me read Spengler, if I’d rather read a pulp magazine.


Rose Wilder Lane, Discovery of Freedom (1943).

Categories
Today

Independence Maintained, Gained

Despite being outnumbered 16 to 1, forces of the Old Swiss Confederacy proved victorious over the Archduchy of Austria in the Battle of Näfels, April 9, 1388.

On this date in 1991, Georgia declared its independence from the Soviet Union.

Categories
folly free trade & free markets moral hazard nannyism national politics & policies responsibility

Auto Destruct

Just when you thought it safe to go back into the loan market. . . .

Yes, you guessed it: a bubble may be about to pop.

There are actually several, but here’s one you might not expect: the automobile loan market.

Though less regulated and tampered with than the housing market, auto loans aren’t immune to “moral hazard” and other government-induced dangers. The Fed’s low interest rates are almost certainly stimulating the new car market. “Subprime” car loans are way up and so are delinquencies. Do the bankers making these decreasingly solvent loans expect a bailout?

As Eric Peters notes at his immensely fascinating automobile website, the average car loan is now $32,000, “a record high.” And then there’s the “ever-increasing duration of new cars loans. They are now on average six years long — and seven year loans are becoming pretty common.”

Why? “In order to spread out payments (now averaging almost $500 a month) that have become simply too much to manage for most people.”

But then of course car prices are rising. And not just because of simple inflation. It’s the result of government regulations, mandates, and . . . general craziness. Many buyers now finance used car purchases, too, as Mr. Peters explains. That used to be fairly uncommon. The used-car market has been unduly affected by government insanity as well. Remember Cash for Clunkers? Politicians boasted about their managed destruction of millions of used autos.

What they really achieved was a tighter-than-ever supply of usable older cars.

Cruising toward the auto-destruct of the auto-loan markets.

This is Common Sense. I’m Paul Jacob.


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car, automobile, auto, loan, bubble, illustration

 


Common Sense Needs Your Help!

Also, please consider showing your appreciation by dropping something in our tip jar  (this link will take you to the Citizens in Charge donation page… and your contribution will go to the support of the Common Sense website). Maintaining this site takes time and money.

Your help in spreading the message of common sense and liberty is very much appreciated!