Saturday, December 06, 2008

Economics

The economic crises that Americans face are on everyone's mind these days, and with good reason. These crises affect everyone in their day-to-day lives.

One good article is "The Pilgrims' Financial Crisis" by Peter Ferrara at The American Spectator. Mr. Ferrara begins by recounting the problems encountered by our early settlers in Plymouth and Virginia. He then shows how a socialist organization of these early colonies failed and how only a turn to capitalism and freedom to produce one's own goods allowed the colonies to prosper. At the end of his article, Mr. Ferrara summarizes the solutions that we need for today.

I cannot emphasize enough how much a study of history, both American and world, would help us today in solving our problems and in avoiding prolonging or worsening said problems.

Peter Ferrara has another good article on economics, what has failed in the past, and what will help the most now. It is titled "Stimulus Malpractice and the Trillion Dollar Deficit" and is also found at The American Spectator. This article is a review of more recent economic policies in America and what worked and what failed. Again, he includes an outline of what we need to do now to turn things around economically.

Thomas Sowell has an article at Jewish World Review which summarizes the situation and alludes to historic "solutions" that solved nothing and, in fact, prolonged the Great Depression. The article is titled "'Jolting' the Economy". Also at Jewish World Review, Walter Williams has an article titled "Trade vs. Protectionism" which offers a look at that particular portion of America's economy. Dr. Williams also has an article at the same website titled "Evil Concealed by Money" which looks at socialism in a practical, easy-to-understand way. He also takes a look at capitalism in "Capitalism and the Financial Crisis".

I hope that by reading these articles, with information laid out clearly by intelligent men of common sense, you will gain a better understanding of what works and what doesn't, and in which direction America (and the world, for that matter) needs to move.

We do not need to sink.

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