Long time readers know I’m a big fan of Thomas Sowell and even bigger fan of his Random Thoughts columns, one of which we were treated to this week.
Please go to the link and read the whole column. It was tough to winnow my favorites this time, but here they are:
Even squirrels know enough to store nuts, so that they will have something to eat when food gets scarce. But the welfare state has spawned a whole class of people who spend everything they get when times are good, and look to others to provide for their food and other basic needs when times turn bad.
Two reports came out in the same week. One was from the Pentagon, saying that, in just a few years, Iran will be able to produce not only a nuclear bomb but a missile capable of carrying it to the United States. The other report said that the American Olympic team has uniforms made in China. This latter report received far more attention, both in Congress and in the media.
People who lament gridlock in Washington, and express the pious hope that Democrats and Republicans would put aside their partisan conflicts, and cooperate to help the economy recover, implicitly assume that what the economy needs is more meddling by politicians, which is what brought on economic disaster in the first place. (Skeptics can [and should] read “The Housing Boom and Bust.”)
One of the arguments for Medicare is that the elderly don’t want to be a burden to their children. Apparently it is all right to be a burden to other people’s children, who are paying taxes.
Those who talk as if more people going to college is automatically a Good Thing seldom show much interest in what actually goes on at college — including far less time spent by students studying than in the past, and a proliferation of courses promoting a sense of grievance, entitlement or advanced navel-gazing and breast-beating.
Franklin D. Roosevelt famously said, “We have nothing to fear but fear itself.” Then he proceeded to generate fear among businesses for years on end, with both his anti-business rhetoric and his anti-business policies. Barack Obama is repeating the same approach and getting the same results — namely, an agonizingly slow economic recovery, as investors hang on to their money, instead of risking it in a hostile political environment.