It has been said that the definition of stupidity is repeating the same action over and over again expecting different results. Our economic system over the last few decades has been the epitome of just such stupidity. From the 1990’s “dot-com” debacle to the beginning of the Great Recession in 2007 we have witnessed our economic and political leaders promoting the same tired and useless, if not exacerbating, so-called solutions to each economic crises as they have arisen… that is, by throwing more fiat money at it.
These contemporary leaders have been brought up in a post WWII economic boom and have an entitlement view of things. They’ve lost sight of the fact that government is not the Great Economic Teat from which all citizen, even non-citizen, may suckle.
Time was however, when everyone from the housewife putting together a household budget, to the banker, and yes, even the politician in government understood that ultimate responsibility was on oneself for one’s well-being: today conversely, everyone lines up for handouts from the Nanny-State, as if it is the Wizard of Oz dispensing virtues, talents and other gifts. Clearly no one sees, or more likely chooses not to see, that there is no such thing as a free lunch. We have long since danced to the tune since the revolutionary 1960’s and payment to the piper is coming due.
That said, there was until just a few years ago, a voice of reason of a different generation who understood economics and government and did not pander to political and social special interests, nor to Political Correctness. His was a voice of one crying in the wilderness which went unheeded. This voice of reason was, of course, Ron Paul. Though his congressional career is over he still acts as the economic conscience of Common Sense.
Below is a web citation to his recent YouTube audio concerning our current times and just how close we are to an unprecedented economic and social crisis which has the potential for disastrous political turmoil. It is a good listen for a car trip or while preparing a family meal and I urge the readership to listen to this short 32 minutes of common sense.
Here is the web citation:
All the above just adds emphasis to the need for the daily Rosary of the Blessed Virgin Mary, as well as, taking the necessary preparations needed to mitigate any impact of a crises from our family and lives.
Richard of Danbury, D.S. G.