Monday, October 12, 2009

Economic Liberty


The Hillsdale College publication Imprimis has a reprint of a recent speech given by Dr. Walter E. Williams. "Future Prospects for Economic Liberty" is a must-read piece for anyone seeking to learn of and express the dire consequences of an ever increasing federal government. Says Dr. Williams...


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Every tax confiscates private property that could otherwise be freely spent or freely invested... With this in mind, consider that the average American now works from January 1 until May 5 to pay the federal, state, and local taxes required for current government spending levels. Thus the fruits of more than one third of our labor are used in ways decided upon by others. The Founders favored the free market because it maximizes the freedom of all citizens and teaches respect for the rights of others. Expansive government, by contrast, contracts individual freedom and teaches disrespect for the rights of others. Thus clearly we are on what Friedrich Hayek called the road to serfdom, or what I prefer to call the road to tyranny.

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I encourage you to read his entire essay. Stay informed and speak the truth!

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