"History is a wonderful thing, if only it was true"

Tuesday, October 27, 2009

True Prosperity

Mark Sanford on Ayn Rand | Newsweek Books | Newsweek.com

I would add that true prosperity relies, as well as those mentioned, on the nations shopkeepers, and workers who add their knowledge and talents to the goods and ideas they produce.

"... at a fundamental level many people recognize Rand's essential truth—government doesn't know best. Those in power in Washington—or indeed in Columbia, S.C.—often lead themselves to believe that our prosperity depends on their wisdom. It doesn't. The prosperity and opportunity we enjoy comes ultimately from the creative energies of the country's businessmen, entrepreneurs, investors, marketers, and inventors. The longer it takes this country to reawaken to this reality, the worse we—and in turn, our children's standard of living—will be.

When the economy took a nosedive a year ago—a series of events that arguably began when the government-sponsored corporations Fannie Mae and Freddie Mac went broke—many Americans, myself included, watched in disbelief as members of Congress placed blame on everyone and everything but government."

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