Nobody in the Western world has been willing to admit that it is the socialist policies of their governments that have led to the dire economic problems the world now faces. Sir Mervyn King, governor of the Bank of England, revealed how severe the crisis is after the decision was made by the bank’s Monetary Policy Committee to put 75 billion of newly created money into the economy in a desperate effort to stave off a new credit crisis and a UK recession.
Finally, a well-known economist has said something about the Social Security system that no one else has said: sell federal land to pay those who have been taxed for Social Security but want to opt out of the system. Our much admired and respected Walter Williams wrote in his column of October 4, 2012:
Whether leftist or rightist; Democrat, Republican, or Independent; “liberal,” “libertarian,” or “conservative,” anyone in search of a hearing in contemporary American politics is sure to express nothing less than unadulterated reverence for our country’s Founders. Doubtless, the old cliché that “actions speak louder than words” is not without its share of wisdom. At least as true, though, is another consideration that, in spite of the regularity with which experience has born it out, has of yet failed to achieve such universal recognition: Some words speak louder than others.