Value: What Robert A. Heinlein would have to say about the bailout
“Value” has no meaning other than in relationship to living beings. The value of a thing is always relative to a particular person, is completely personal and different in quantity for each living human—”market value” is a fiction, merely a rough guess at the average of personal values, all of which must be quantitatively different or trade would be impossible. […] This very personal relationship, “value”, has two factors for a human being: first, what he can do with a thing, its use to him… and second, what he must do to get it, its cost to him. There is an old song which asserts that “the best things in life are free”. Not true! Utterly false! This was the tragic fallacy which brought on the decadence and collapse of the democracies of the twentieth century; those noble experiments failed because the people had been led to believe that they could simply vote for whatever they wanted… and get it, without toil, without sweat, without tears.”
* Source: Lt. Col. Jean V. Dubois (Ret.), Page 93
Starship Troopers (1959) by Robert A. Heinlein
It seems that responsibility and truth are out of style. Socialism and cheating are in.
What ol’e Bob Heinlein predicted has come to past. in my last post, i linked to the barron’s editorial that laid the blame for this economy where it belongs, Congress and the suckers who wanted something for nothing.
But in trune Soviet revisionism fashion, the blame is being placed on the last eight years.
Another 600,000 jobs were lost in January. We’ve now lost more than 3.6 million jobs since this recession began.
In the midst of our greatest economic crisis since the Great Depression, the American people were hoping that Congress would begin to confront the great challenges we face. That was, after all, what last November’s election was all about…
Let’s be clear: We can’t expect relief from the tired old theories that, in eight short years, doubled the national debt, threw our economy into a tailspin, and led us into this mess in the first place. We can’t rely on a losing formula that offers only tax cuts as the answer to all our problems while ignoring our fundamental economic challenges – the crushing cost of health care or the inadequate state of so many schools; our addiction to foreign oil or our crumbling roads, bridges, and levees.
The Community investment Act forced bank of back these garbage loans. Trying to carry the welfare state while fighting a war.
Vote for the impossible and the terrible possible happens.
The root criticism of the stimulus package is that it is a Christmas list for Democrats, who have used it to undam decades’ worth of pent-up demand for self-serving, narrow, political appropriations of taxpayers’ money.
Change you can believe in? Nope, but change nonetheless.