Prosperity in the Hands of Fools


The richest and wisest man who ever lived, Solomon, counseled us in the Book of Proverbs that “the prosperity of fools will destroy them.” Notice that Solomon did not say prosperity will ruin anyone, but the fool only.  So his wisdom is simple:  If you have wealth, don’t be a fool with it and you will remain prosperous.  If you want wealth, remain wise and not foolish and you will gain it, and hopefully keep it.

Now let us look at that foolish institution called the United States government.

Our great country grew from a late 18th century economic joke into the world’s super economy in a little more than a century, with much of the phenomenal growth coming in a 50-year period from 1865 until World War I.  Using wise policies the United States led the globe in every conceivable economic category as the 20th century began, and all because of free market capitalism.  The government was largely absent. Continue reading “Prosperity in the Hands of Fools”

Jeffersonian Solutions for America’s Problems


The United States faces an abundance of problems, a weak economy, an abundance of public expenditures, out of control entitlements, and an over-expansive foreign policy, to name a few. These issues are getting worse, not better, with no end in sight. In recent decades, politicians of nearly every conceivable stripe have offered solutions, all to no avail. The only real solution to America’s woes is a return to Jeffersonian principles.

Grover Cleveland, Theodore Roosevelt, and D.R. Francis standing on a porch circa 1903. Courtesy of the POTUS Flickr archive.

Since the days of Grover Cleveland, who ended the harsh Panic of 1893 in less than a full term in office, the federal government has used Keynesian economic theory, or intervention, to fight every economic downturn. The results have been less than spectacular. What began as a severe recession in 1929 became the “Great Depression,” the worst economic calamity in American history. Many people will be surprised to learn that the Great Depression came after the government stepped in with its bag of tricks. It did not end until the latter half of the 1940s.

After the Panic of 2008, the government bailed out Wall Street to the tune of $700 billion. In 2009, the Obama administration kicked in another $800 billion in a stimulus designed to jump-start the sagging economy. A total of $1.5 trillion in stimulus money has been apportioned. The economy is still in a state of mild depression with a net job loss during the Obama presidency. Continue reading “Jeffersonian Solutions for America’s Problems”

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