Risk Rules .....

I’m not a trained economist or financial guru but I know our current American governments view of economics is fundamentally flawed. Since Ronald Reagan left office our philosophy has shifted from economic freedom to economic slavery.

It appears to me that career politicians saw their future at risk. With economic freedom in the hands of the average citizen, their political and financial future was at risk. How have the Washitonians reacted to this fear? They have slowly stolen our freedom and put it back in the hands of the government.

Make no mistake; this is not a liberal, democrat take-over. It has come from the conservatives as well. Both President Bush’s adopted this philosophy by using flawed economic principles to stimulate our economy. The only real way to stimulate our economy is to create an atmosphere of economic freedom where individuals seize the opportunity to assume risk at the hope of earning income.

Risk is the solid foundation of economic growth. Without risk, no one makes a move. People don’t take new jobs, move across the country, have a baby, but a house or start a business without assuming some form of risk. Risk moves our economy. When the government becomes involved with our ability and desire to assume risk, they choke our economic freedom and stall economic growth.

The government’s role should be that of a coach – give us an atmosphere that allows us to pursue our hopes, dreams and goals by allowing us to make the plays.

The Keynesian economic principles that both major political parties have subscribed to does not work. It is a myth to think that taxing during prosperous times and borrowing during recessions helps our economy. True economic growth and freedom come from individuals pursuing their dreams and goals without government intrusion by assuming the risk involved with the pursuit.