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November 24, 2008

It’s time to restrain the demons

By now as we go deep into recession we should understand that democracy and economic stability are incompatible with a wholly unregulated market system. Yet the Ayn Rand folks are still in denial and, from reading letters to the newspaper from various angry citizens, I sense that Bush and his crew have planted well the seeds of fear, ignorance and false certainty.

How can we as a nation address our very critical problems when the only majority we can muster is the one of complaint? And another question, posed by Saul Bellow, “With everyone sold on the good, how does all the evil get done?”

I think an essential task of political leadership is to keep the demons within us all from getting loose. The last few years make me believe the demons are out and about. Can they be restrained in the coming administration? I can only hope.

Being an old man, playing in the late innings, hope is about all I have left. Maybe, just maybe, that will be enough.

Charles Litz
Topeka

Comments

Brett

"By now as we go deep into recession we should understand that democracy and economic stability are incompatible with a wholly unregulated market system."

The US is no where near an unregulated market. The cause of the economic crisis was the Fed holding interest rates artificially (dangerously) low and Fannie & Freddie encouraging (mandating) risky loans. So you had the government demanding loans to those who can't pay and offering practically free money to allow it to happen. You call that unregulated?

The more apt statement is that economic stability is only possible in an unregulated market. Contrary to today's highly regulated market, an unregulated market must operate in reality where risky loans are discouraged and the government dosen't mess with the rate of money.

Don't blame the free market for what government regulation has created.

Marctnts

"I think an essential task of political leadership is to keep the demons within us all from getting loose."

Let me get this straight. You're looking for a leader who can keep the "demons of complaint" bound up within the populace, lest they be loosed upon the world?

Am I the only one who thinks this is one of the nuttiest things I've read in a while?

 
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