Ronald Reagan 1964 RNC

An eerily timeless speech.

The more things change, the more they stay the same it seems.

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The Reagan Obama Debate

HT: D.C. Thornton via Facebook

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A Basic Economic Primer From W. Cleon Skousen

Recently I read a book title, ‘The 5,000 Year Leap, A Miracle That Changed The World’.

I am currently re-reading the same.

The book lays out principles of freedom and relates how those principles were used by our founders in the forming of this nation.

While reading this book and considering the America we live in today as well as considering the America we are becoming, it becomes clear as to just how far we are from what we were at our founding and how far we are from what our founders had intended.

The economic woes of this nation seem to worsen.

President Bush may well have been Herbert Hoover and Obama is poised to out FDR, FDR. The Democratic controlled senate can’t seem to dream up enough socialist programs to be funded by the bailout and the Republican minority are too weak to have any real influence as well as too un-conservative to have many decent ideas.

The tried and true seem to mean nothing to those who are sit in government. While I believe many are honestly believe they are working in the best interest of this nation, I believe others simply see an opportunity to remake this nation.

In my re-read of The 5,000 Year Leap I have just finished the 15th Principle and would like to share portions of it.

The 15th Principle is defined by the author, W. Cleon Skousen in this way;

The highest level of Prosperity occurs when there is a free market economy and a minimum of government regulations

Adam Smith wrote a book titled ‘The Wealth of Nations’ in 1776.

In this book Smith described a national economy based on natural law and a free market.

Smith had developed the doctrine of and formula for, free enterprise.

Skousen directs us to six points within that formula.

    1. Specialized production: let each person or corporation of persons do what they do best.
    2. Exchange of goods takes place in a free market environment without governmental interference in production, prices, or wages.
    3. The free market provides the needs of the people on the basis of supply and demand, with no government imposed monopolies.
    4. Prices are regulated by competition on the basis of supply and demand.
    5. Profits are looked upon as the means by which production of goods and services is made worthwhile.
    6. Competition is looked upon as the means by which quality is improved, quantity is increased, and prices are reduced.

Skousen then reminds us

Prosperity also depends on a climate of wholesome stimulation protected by law.

He lays out four laws “which a nation must maintain if it’s people are to prosper at the maximum level”. Those four laws are;

    1. The freedom to try
    2. The freedom to buy
    3. The freedom to sell
    4. The freedom to fail

We are and have been in (since at the very least the 1930’s) an age that Skousen notes both the founding fathers and Adam Smith would agree is “the greatest threat to economic prosperity”.

That is

the arbitrary intervention of the government into the economic affairs of private business and the buying public

The economy is not by any means our nations only problem.

We are in fact a socialist nation, we are becoming more so with each passing administration it seems. During my lifetime the only sign I saw that America was willing to put up at least a small fight against this was when Ronald Reagan was elected to two terms as president.

Ronald Reagan at least pointed us back in the proper direction. Foolishly we elected GHB to replace Mr. Reagan. GHB slowly turned the train back toward socialism. The train began to pick up speed under Clinton, GWB stoked the fires of that steam engine train even more and president Barack Obama has off loaded us from that old train and thrown us on a bullet train.

We are going to jump the track, it’s just a matter of when.

As much as I’d like to sit here and blame FDR, Bush, or Obama, I can’t.

The fault is ours and only we can make things right again.

The 12th president of The United States of America, James Garfield seemed to have foreseen trouble and gave us warning.

Now more than ever before, the people are responsible for the character of their Congress. If that body be ignorant, reckless and corrupt, it is because the people tolerate ignorance, recklessness and corruption. If it be intelligent, brave and pure, it is because the people demand these high qualities to represent them in the national legislature … If the next centennial does not find us a great nation…it will be because those who represent the enterprise, the culture, and the morality of the nation do not aid in controlling the political forces.

We have and continue to tolerate ignorance, recklessness and corruption. In fact we are currently encouraging at the very least recklessness when it comes to our nations economy.

We have gotten what we have demanded of our leaders.

I think there is still time to change course, but we better be damned quick about it.

If you have not read The 5,000 Year Leap please go to purchase it, share it with your children, family and friends. It is very likely that it contains a history you did not know and did not understand.