The View From 1776
Saturday, February 23, 2008
Real Values vs Liberal Statist Values
Thomas Segel assesses the liberal-progressive view that values are whatever the socialist political state decrees and contrasts that with the reality that true and effective concern for individuals’ welfare flows from citizens’ personal, God-given benevolence.
A tangential observation is that, while liberal politicians compete to be the most blatant promisers of giving to the voters, they never identify the source of what is to be given. Giving money merely adds to inflationary pressure. Ultimately we can give only what we produce in useful goods and services.
Money is merely a medium of exchange. In itself it is nothing other than an accounting marker representing what has been produced. Increasing the supply of money without increasing production simply raises prices.
Raising taxes to offset additional welfare handouts reduces the incentive for new production. Recessions or economic stagnation usually follow tax increases, reducing the supply of goods and services, while the money supply increases. That’s how we fell into the pit of stagflation in the 1970s.
Where Do We Find Our Values?
By Thomas D. Segel
Harlingen, Texas, February 20, 2008:
If you make your home in Texas, you can