Posted by
Playful Walrus on Tuesday, September 30, 2008 12:51:46 PM
1. Voluntary interactions. We should not be using taxpayer money to employ anyone (except government employees), pay anyone for their non-government job, to prop up companies, to back up loans, or to give people housing beyond their own means. The risks and rewards of taking a job, employing someone, buying a home, taking out a loan, or making and investment should be suffered and enjoyed by people who have entered into those agreement voluntarily. Only when there has been coercion or some form of theft of fraud or true monopolization should the government get involved.
2. Decentralized Power. This means that individuals and voluntarily associations (such a companies, where people voluntarily work and voluntarily invest) should engage in voluntarily exchanges of goods and services, including capital and loans. They should make decisions for themselves, enduring the risks and rewards. It should not be up to the President (or anyone in his cabinet) or Congress to tell people what to do with their resources, as long as those resources aren’t being used for fraud or some other coercive crime.
An economy may thrive temporarily in a house of cards, but an economy that grows based on actual value and productivity will be more sound in the long run.