Posts Tagged ‘Aristotle’

Christopher Arps

Does America Defaulting on Its Debt Mean We’ll Need a Bailout Like Greece?

by Christopher Arps

“Men of experience succeed even better than those who have theory without experience…If, then, a man has the theory without the experience, and recognizes the universal but does not know the individual included in this, he will often fail to cure; for it is the individual that is to be cured.” –Aristotle

Aristotle’s wise words from 2,500 years ago gives us the precise reason why the president’s statist economic policies are failing miserably. Keynesian economists like New York Times columnist and Nobel Prize winner Paul Krugman believe that during times of economic slowdown, it is the government’s responsibility to jump start the economy and spur economic growth by the government itself spending large sums of borrowed money – usually on make work public works projects. The theory goes that when the government spends large sums of money during a slowdown, this will somehow motivate businesses and consumers to spend money as well.

Two years after the president’s ’stimulus’ plan, with consumer confidence at all time lows and with unemployment at 9.2% and rising, the plan has obviously been a failure. That is why it is difficult to understand why someone of Krugman’s stature, as late as July of  this year, would argue for more stimulus spending and downplay the need to address our massive national debt when it’s obvious that the stimulus package has failed:

“What I keep hearing from Washington is one of two arguments: either (1) the stimulus has failed, unemployment is still rising, so we shouldn’t do any more, or (2) the stimulus has succeeded, G.D.P. is growing, so we don’t need to do any more. The truth, which is that the stimulus was too little of a good thing — that it helped, but it wasn’t big enough — seems to be too complicated for an era of sound-bite politics.’

“So no, I mean, the deficit doesn’t matter. The economy matters. And that’s why somehow or other, Obama has got to get jobs being created.”

Again:

“Men of experience succeed even better than those who have theory without experience”

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Andrew Mellon

Ivy League Useful Idiocy

by Andrew Mellon

Big Government would not exist were it not given sanction by the people.  Those who continue to support it have been duped in large part as a direct or indirect result of the ideological subversion of our academic institutions.  The leaders in all fields of our society were raised in the politically correct, militantly liberal academy, and so it is only natural that the influence of socialist ideas has infected every aspect of our culture.  In so doing, academia has produced leaders that undermine our society rather than helping it to flourish.

Obamahonorarydoctorate

It is evident that educational institutions are turning society on its head when we see the kinds of leaders they herald as the shining examples for our students to follow.  On May 17th of this year, the graduating students of Columbia University will spend their morning listening to their Class Day speaker, Benjamin Jealous.  Readers may recall that Mr. Jealous penned a piece for the Huffington Post in which he ardently defended and praised Van Jones, calling him “an American treasure.”  He is being called on to speak because he is a star in the social justice movement.

For as Columbia’s Dean puts it, “Columbia’s undergraduate experience is built on the idea that our college must not only help students develop their capacities for critical thinking, but also nurture in them the responsibilities of citizenship in a democratic society. Benjamin Todd Jealous wonderfully personifies the value that Columbians have long placed on active engagement in the world and in finding the solutions to society’s challenges.”  Jealous does so by leading what he refers to as “a volunteer army for social change” in the NAACP.  That he would describe the organization in such a light should come as no surprise as Jealous is a former New York community organizer and AFL-CIO spokesman.

Mr. Jealous’ address to my class will mark a fitting end to my four years at Columbia in which I witnessed the attack on members of the Minutemen, the speech of Mahmoud Ahmadinejad, a professor pushing for students to join the peace corps in the middle of his science class and Israeli Apartheid Week amongst innumerable other travesties.

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