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Free Market Principles Provide the Cultural Mandate for a Peaceful and Stable Economy

By: Steve Johnson

4/22/2010 - 55 Comments

Economic policy guides human ethics.  Bad economic policy guides humans into making unethical actions, which leads to further bad policies to try to protect people from unethical actions of other people. 

The result of bad economic policy leads to a deteriorating economy and social unrest as bad policies provides cover for one group of people to trample on another group of people – legally stealing their property, labor and freedom. 

Bad economic policies support unjust actions on just people, which cause them to take unethical actions to right the unjust that has been portrayed on them.  In the name of equality and fairness, government policies are the primiary source of inequality and unfairness.

A strong commitment to free market principles reduced the passage of bad economic policies that create injustice and reduce the need to create more policies to protect people from further unethical actions.

Free Market = Ethical Culture

Therefore a strong commitment to free market principles creates the critical element of rewarding ethics within the culture that is needed for a prosperous economy.

Culture is the key to economic prosperity as proven by the history of America.  But that culture is eroding because our governmental leadership no longer has a strong commitment to free market principles.

As our winning culture that motivated hard work and ethical actions deteriorates because of bad economic policies that destroy the free market, America cannot expect to remain a prosperous nation. 

America is not in decline because other nations like China and India are growing in strength or any other reason.

America is declining because we have a deteriorating ethnical business environment, created and supported by our growing anti-capitalism government policies.

Our anti-capitalism government policies are the source of our decline as the Tea Party movement has rightly pointed out.

The path to economic recovery begins with repealing the many anti-capitalism government policies that this administration and Congress has passed and continue to propose. 

Sometimes it is not easy to identify bad economic policies because they are created with such good sounding intentions and backed by powerful lobbyist and special interest groups, but none the less they must be repealed. 

If not, the unintended negative consequences of anti-free market policies will continue to destroy the economy.

Policies that should be fought and repealed include pretty much any interference with the market process: minimum wages, price controls, taxes, tariffs, and most subsidies should all be repealed.

The true hope of our economic recovery rests with the new political leadership that we so desperately need to repeal everything on the agenda of the current administration.

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Meltdown: A Free-Market Look at Why the Stock Market Collapsed, the Economy Tanked, and Government Bailouts Will Make Things Worse

In discussions of today's economic meltdown and what to do about it, the Federal Reserve is a stealth helicopter: it never shows up on the radar. With the exception of a few esoteric specialists and those Ron Paul Revolutionaries who burst into chants of "Abolish the Fed!" Historian Thomas Woods notes in this important book, the Federal Reserve bears a large part of the blame for the mess we're in. In the first part of "Meltdown," Woods shows how both in theory and in practice, Fed policy fueled an artificial boom and is now leading us to a much larger meltdown.

How Capitalism Saved America

This book is an excellent presentation on the problems of government 'regulations' into free market mechanisms. This book illustrates simply and clearly how many chaotic economic problems were caused by interference from government regulations and how capitalism has overcome them. Master this book and you have overcome most of the bad economic thinking of our time. Government is the cause of capitalism failure.

What Has Government Done to Our Money?

Rothbard gives us an exceptionally clear, detailed description of what money is and how it has come to be manipulated by governments and central bankers into almost worthless inflationary fiat paper currency. He then explains how gold became the most respected and trustworthy currency of choice and the prospect of either hyperinflation or the greatest depression the world has ever seen may be arriving in the very near future.

The Case Against the Fed

This book, written by Murray Rothbard, an economist and historian of fairly well known repute, is a scathing attack on not only the Federal Reserve, but the interests that created this institution. Rothbard explains how the Federal Reserve is the true source in the destruction of wealth, which has led to the destruction of the middle class and continues to sift money into the hands of the wealthiest.