Armstrong Williams

Several discussions in media, global politics, entertainment and the world of finance and economy's remind me of Gresham’s Law which states that “bad money drives out good money.”

Applying Gresham’s law to American culture over the past 50 years, it seems to me that “bad values drive out good values.” What many of us have witnessed in conjunction with the growth of progressive politics, is the erosion of traditional American values and culture. Without a doubt their continues to be a disturbing increase in dysfunctional families, illegitimate births, crime rates, unemployment, etc. Given the increase in educational, political and economic opportunities, and general acceptance of the less fortunate into the American mainstream, I would have expected a better cultural result. Since society has become more tolerant of values and behavior outside of the mainstream over the past 50 years, I have to conclude that Gresham’s law applies not only to money, but to values as well. My parents, by constant example and conversation, reminded my siblings and me of the benefits of personal accountability and character. Character ultimately determines the fate and success of us all.

Call a spade a spade. There is an absolute lower class culture. The victimization values of this culture create behavior that keeps poor people poor. It is not bigotry or prejudiced, nor is it condescending to call them lower class. They have a culture that is antithetical to creating wealth and accomplishment. This culture blames problems on others as opposed to making accountability a priority. As a result, the victims are discouraged from improving themselves; they are discouraged from working hard for the “man.” It promotes a zero-sum mentality leading to crime, especially theft, and welfare dependence. It disparages educational excellence. It encourages misogyny which leads to the breakdown of the their family structure and contributes to the lack of traditionally successful male role models. I can go on and on. The vast majority of positive accomplishments from this culture revolve around sports and entertainment, especially popular music. Unfortunately even the popular music tends to extol the negative aspects of this culture.

Armstrong Williams

Armstrong Williams is a widely-syndicated columnist, CEO of the Graham Williams Group, and hosts the Armstrong Williams Show. He is the author of Reawakening Virtues.
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