Sowell Explains Basic Economics

An invaluable source on free market economic theory, Dr. Thomas Sowell joins FOX News Sean Hannity for a frank discussion on the current economic climate in America.

Certainly, it was a welcomed development the current tax structure was voted to be kept in place. This is otherwise incorrectly known and an extension of the Bush tax cuts. Once Wall Street became convinced this would happen, the markets responded positively, including a better than expected increase in private sector hiring.

Unfortunately, due to the continued efforts of the Obama administration to expand regulation and government control, most notably in the financial, health care and energy sectors, the economy will continue to be handicapped and unable to operate at full potential.



As Dr. Sowell commented, the kind of big government control currently being exhibited was unfathomable just 20 years ago. Big government control and Keynesian economic theory, proven unsuccessful time after time, needs to be placed in the dust bin of history once and for all.

Vote to Change The Future!

When folks are unchallenged and awarded for average performance, the path to greatness is handicapped. When individuals fail to reach for uncharted achievement, out society is the loser. An ill-informed society, one given benefits without earning anything, leads to a myriad of bad things. As an example, please see the following:



With idiots like this running around, considering themselves informed and hitting the voting booth, it is no wonder our government thinks they should dictate our every affair. Even though, obviously, many Americans are failing miserably in their responsibilities as citizens to educate themselves on how our government functions and to gain a command on the issues, government should not expand control over our citizenry. With our elected representatives disrespecting the electorate, due to horrendous policies being implemented by the ruling class, in their arrogance, our future is on the verge of being very bleak:



Ronald Reagan, in his Time for Choosing speech, summed up the election before us here today. "This is the issue of this election: Whether we believe in our capacity for self-government or whether we abandon the American Revolution and confess that a little intellectual elite in a far-distant capital can plan our lives for us better than we can plan them ourselves."

Samuel Adams once said "If ever time should come, when vain and aspiring men shall possess the highest seats in Government, our country will stand in need of its experienced patriots to prevent its ruin."

The time of choosing is upon us. It is time for the experienced patriots Adams spoke of to stand up, for if we are not careful, the far distant capital Reagan refers to will not be in Washington.