Email letters, October 10,  2013

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COMMENTS

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You’ve got to love all the Economics-101, Constitution-101 and History-101 illiteracy manifested in some of the above letters.
For the information-challenged, the Founders’ view that the U.S. Constitution and Bill of Rights constitute a specific-performance two-party (rulers and subjects) social contract which one of the parties (government) is not free to unilaterally alter by disregarding at whim or strategically (and oh so deliberately) misinterpreting does NOT constitute “anarchy”.
Yadayadayada ... I’m old enough (and worked hard enough) to be on Medicare, too. All those of us over 65 have no choice. What does that have to do with moral hazard and the eternal principles set forth in the story about Aesop’s and and Aesop’s grasshopper? Nada, zip, zero.
As for “taking care of the least of my brothers” (Matthew 25:40-45), you can’t cherry pick one or two scriptures to the exclusion of others. There are also “Thou shalt not steal” (Exodus 20:15),  “If any would not work, neither should he eat” (2 Thessalonians 3:10) and “But test and prove all things [until you can recognize] what is good; [to that] hold fast.” (1 Thessalonians 5:21.
The country was not built on stealing from A and giving to B. When the country was younger, a more intellectually honest Supreme Court openly acknowledged that fact in the cases of Calder v Bull, 3 U.S. (3 Dallas) 386 (1798) and Citizens’ Savings & Loan Ass’n v. City of Topeka, 87 U.S. (20 Wallace) 655 (1874).
I kind of like how the Grateful Dead poked fun at scammers in the song “Jack Straw”, where the lyric goes, “We can share what ‘we’ got of yours, ‘cause ‘we’ done shared all of mine.”
An economy is like a big wagon which has pullers and riders. One by one, when the pullers look back at the riders and start believing riders have a better deal than pullers do, they peel off and jump in the wagon. After too many pullers start to ride, the wagon slows to a stop, as the American wagon is now. When that happens, the only thing to do about it is tip the wagon over, dump out all the riders, and start over. As Thomas Jefferson said, men tend to suffer evils while those evils are sufferable. That explains why the wagon only doesn’t get seriously tipped over too often in human history.
Like it or not, leftists, there ARE empirically observable immutable economic laws of nature and there ARE empirically observable sustainable and unsustainable human behaviors, all the wannabe-clever sophistry and talking points in the world notwithstanding.



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