In response to:

The Coming Age of Austerity

Paulus Textor Wrote: Nov 06, 2012 9:12 AM
Another shaft of light in our growing darkness is the fact that societies can turn around with astounding quickness IF (and only if) they adopt the principles of laissez-faire capitalism. One of the best examples of this is Germany, which was virtually destroyed from border to border after WWII, and suffered for another decade under Western, Keynesian leadership. Then, a finance minister, Ludwig Erhard, took them in the opposite direction, lowering taxes, cutting spending, and deregulating. Then, as he put it, all he had to do was go play golf while the economy exploded in the growth of the "economic miracle." So, although America is about to go over the cliff of a dollar collapse, that's not as bad as what Germany suffered after WWII.
Paulus Textor Wrote: Nov 06, 2012 9:13 AM
The hard part is getting people to understand and accept that laissez-faire capitalism WORKS everywhere it's tried. Unfortunately, the vast bulk of the EDUCATIONAL and MEDIA establishments are dead-set against it.
Cleombrotus2011 Wrote: Nov 06, 2012 9:48 AM
The important point you raise is just that - understanding. But understanding must be based in an ability to rationally interpret the input. Today's young, in particular, and a large percentage of their elders, interpret reality through the limited prism of Humanism and Existentialism rather than the Biblical perspective Western Civilization arose on.

Our faith in Christ is the bedrock foundation upon which a rational polis must be built and without it the future is certainly bleak indeed.
"Are the good times really over for good?" asked Merle Haggard in his 1982 lament.

Then, the good times weren't over. In fact, they were coming back, with the Reagan recovery, the renewal of the American spirit and the end of a Cold War that had consumed so much of our lives.

Yet whoever wins today, it is hard to be sanguine about the future.

The demographic and economic realities do not permit it.

Consider. Between 1946 and 1964, 79 million babies were born -- the largest, best-educated and most successful generation in our history. Bill Clinton and George W. Bush, both born...

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