“Deficit ‘stimulus’ is not the road to economic recovery. It’s the problem, not the solution,” wrote Vernon Smith. I totally agree!! I don’t see what is so complicated about all of this.
My father is a retired law-enforcement officer. He often stated to me while I was growing up that every problem faced by local, state, national, and/or international governments/entities can be very closely paralleled by problems occurring between students on an elementary school playground. His point, obviously, was that our problems are not complicated, and there are usually very simple solutions.
I used to think that people in positions of power must necessarily be smarter and wiser than the rest of us. I mean they have studied in their areas of expertise for years, run for office, answered countless questions (well, not really answered...just sort of spoken in a PC manner so as to not offend any voting block of substantial size), and claim to be smarter and more experienced than everyone else. I have come to realize that, if anything, the opposite is true.
The economic problems of our world are not all that complicated. What if society lived by the simple rules of a successful family? (E.g. live within your means…don’t spend more than you make; diversify your investments…diversify your local economy; only go into debt for housing, education, and possibly transportation…limit government debt to true emergencies, or investments in the future, such as transportation and/or education; save for a rainy day…have a government emergency fund; pay off debt as quickly as possible…no explanation needed). I have learned through life, that people of true understanding simplify concepts, and that people who are insecure and intellectually inferior complicate matters, and try to confuse the masses with high-sounding rhetoric.
(By Shane Todd)
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