The holidays are upon us, and a new year approaches. There are wars and rumors of wars and revolutions. Politics in America are fractious and factioned. The United States of America, and indeed the world entire is threatened with potential economic collapse, and yet I see room for hope.
America is unique in the history of the world. We are a nation founded on a fundamental ideology of economic and personal liberty, and limited government as described in our Declaration of Independence and put into practice by our Constitution. Some might ask “Why limited government.” The answer to this question is simple. Economic and personal liberty can only be achieved and maintained by means of a limited central government. Justice Louis Brandeis understood this and remarked on this understanding when he wrote:
“Experience should teach us to be most on our guard to protect liberty when the government’s purposes are beneficial. Men born to freedom are naturally alert to repel invasion of their liberty by evil-minded rulers. The greater dangers to liberty lurk in insidious encroachment by men of zeal, well-meaning but without understanding.”
Justice Lous Brandeis
And this is how government grows and becomes more intrusive of our liberties. That is through the “insidious encroachment by men of zeal, well-meaning but without understanding.” That is men and women who would do good for others, and use the government to that end.
Wanting to do good for others is both commendable and laudable, but this is not natural or necessary, or in my view an acceptable role for the federal government. This is a role for the states and the communities within those states. No government in Washington D.C. understands the problems of the myriad of communities across this nation better than do the communities themselves.
Top down systems of government and economics simply do not work well. Capitalism, as viewed by Adam Smith in his seminal work Wealth of Nations, shows that an individual’s decisions based on his personal economic well being was led by “an invisible hand” to promote the well being of the greater community. Well intentioned and intrusive governmental regulation often have consequences that are unintended by the lawamakers. These consequences then require more regulation and intrusion and so on ad infinitum.
I smell a sea change, however. America is disgruntled. With near 20% of Americans un or under-employed, the realities of our government’s fiscal irresponsibility are beginning to be noticed and understood by a larger number of our citizenry.
Bills in congress and the senate to audit the federal reserve bank are but the first rumblings to bring under control a spending addicted government. As our economic condition worsens, and there are many reasons to believe that it will, more and more of the people will begin to see that the statist road towards empire , along which both Republicans and Democrats have been leading us for the last century, should be a road less traveled.
So, yes, there is hope for a brighter future, a new America, an America of principles, freedom and liberty; A nation where a free people can keep the fruits of their labor and involve themselves in community: a country that serves as a beacon of liberty to the world while avoiding the hollow greatness of empire.
So, I wish you the best for the coming new year. It promises to be a tumultuous one. Guard your finances, your friends and family well, and above all, remain hopeful for the future. We are a great people, a great nation, and we will, in the end, survive and I believe prosper.