2007-2010 Market failure--NOT

Another great post from Ideas Matter.



And from Max Broder-- "We should take away the lesson that long-term value creation cannot be achieved through short cuts. It's about a commitment to hard work and building a business - whether bank or bakery [or medical care]- one customer at a time."

Budget Cut No Brainer

Listening to the radio this week, I learned that the US is paying Brazil $147 million a year so we can continue subsidizing American cotton farmers $3 billion a year.

What do you say we take a swipe at that growing national debt and cancel both?

And then, let's look long and hard for any similar cases and end them too.

Be the calcium for their spines. Write your Congressmen.

Thank You Veterans and Citizens-at-Arms

(HT Milton on Wolf FB)

Change you can believe in

World Bank chief surprises with gold standard idea

He isn't talking about gold and silver coins, but that would be the best change for our change!

Significant inflation and deflation are caused by political manipulations of the money supply, which also lead to the booms-and-busts of the business cycle. Return to the gold standard would be a return to 'honest money" and would end the government's ability to erode our savings through its hidden "tax."

Bringing it up as something to seriously consider is the first step.

Making it happen will require a clear and thorough debunking of Keynesian economics and the belief in central planning.

It's an up hill battle, but one we can not ignore.

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Thank YOU, John Dennis

I am proud to have had the opportunity to work with John Dennis on his campaign for U.S. Congress against Nancy Pelosi. When you read his thank you letterbelow, you have a glimpse of why I feel that way.

By being a gentleman and a man high integrity, John bolstered my belief in the fundamental goodness of the people in this country---even those who run for office, and maybe a few of them who actually get voted in.

From John Dennis:

THANK YOU FOR YOUR SUPPORT

It is with regret that I confirm we did not succeed in our election for California's 8th congressional district seat. We did very well historically for the GOP in San Francisco, and we did well in relation to our party's current registration base. But we came up short in our ultimate goal of unseating Ms. Pelosi.

We did accomplish quite a bit along the way. We reversed a trend of declining votes for Republican congressional candidates in San Francisco. We also helped increase the San Francisco Republican party registration significantly, turning back a multi-decade slump. We helped give a new look to the local party and reached out across the political spectrum to build coalitions which will lead to future successes.

Our videos were viewed over 1 million times online, not to mention the millions who saw them on various television shows. We also had unprecedented national coverage for the campaign.

We leveraged cutting-edge online tools in ways which future campaigns will likely study. We deployed a ground game not seen in San Francisco Republican campaigns for some time.

Two accomplishments stand out: We addressed matters that Ms. Pelosi has avoided for years. And, more importantly, we unyieldingly identified and pounded the most significant issues facing our country.

Those issues are: 1) What is the appropriate role of the government in our lives? 2) Washington is a machine with its own interests, 3) The Left/Right fight is largely a diversion from the real battle between Washington and us, and 4) Your individual liberty is the highest political value.

That last point is most important to me personally. I fought, and will always fight, for your individual liberty, for your freedom. By securing your liberty, I secure liberty for my family and for all Americans.

Politics boils down to two truths. One, freedom works. Two, and more importantly, freedom is right.

As I said in my concession speech on the night of the election, always remember that, in spite of the mythologies they encourage and expound, Washington and all governments are just businesses. And they are businesses which use our sense of decency and patriotism to achieve their ends - at our expense. That's why we're in the mess we're in today.

The abolitionist Wendell Phillips reminded us that "eternal vigilance is the price of liberty." We will always be called to battle for freedom. I look forward to joining with you in those fights. I suspect other campaigns and issues will draw us together.

Thank you for everything you have done for me. Thank you to the amazing volunteers who were the heart and soul of the campaign. I am grateful for all of your support. It has been my pleasure, my honor, to fight for the values we share.

In Liberty,



John Dennis