Will Grigg?s Liberty Minute

June 16, 2011

New York Times columnist Nicholas Kristof has misdiagnosed the causes of the current economic collapse, so it shouldn?t surprise us that the cure he prescribes would be lethal.

The ongoing depression followed the collapse of an investment bubble created through the Federal Reserve?s inflationary monetary policies. The bailouts that began in late 2008 amounted to corporate welfare extorted from taxpayers in an act of wealth redistribution right out of the Communist Manifesto.

For some reason, Kristof persists in acting as if this system has something in common with free market capitalism. To cure our downturn, Kristof suggests that the entire economy should be modeled after the Pentagon, which in the words of retired four-star general Wesley Clark represents ?the purest application of socialism.?

Of course, since the advent of the National Security State in 1947, the Pentagon has essentially been the focal point of the American economy. Many of the corporations displaying the wage disparities lamented by Kristof are military contractors effectively immune to market competition.

Radio commentator Scott Horton disapprovingly, but correctly summarized Kristof?s argument as follows: ?America ought to be Communist ? just like the Pentagon.?

Let us take back the liberty wherewith Christ has made us free.