Economist Thomas Sowell, the smartest man in the world now that Milton Friedman is dead, has proclaimed that there is no need to go forth with President-elect Obama's plan to "jolt" the economy.
I seldom quote Saint Thomas directly, out of fear that I will be struck dead from on high for publishing a typo. I truly am not worthy of this task. But I'll try....
Children, these are our memory verses for next Sunday morning. Please be prepared to recite them during Bible drill. Do you want more? Of course you do....
What we are talking about is a golden political opportunity for politicians to use the current financial crisis to fundamentally change an economy that has been successful for more than two centuries, so that politicians can henceforth micro-manage all sorts of businesses and play Robin Hood, taking from those who are not likely to vote for them and transferring part of their earnings to those who will vote for them.
Whatever the merits of trying to shore up some financial institutions, in order to prevent a major disruption of the credit flows that keep the whole economy going, what has in fact been done has been to create a huge pot of money-- hundreds of billions of dollars-- that politicians can use to give out goodies hither and yon, to whomever they please for whatever reason they please.And here's the most curious verse in the entire epistle that Saint Thomas has given us....
Much as we may deplore partisanship in Washington, bipartisan disasters are often twice as bad as partisan disasters-- and this is a bipartisan disaster in the making.We don't deplore partisanship in Washington, do we? No. We love it. But Saint Thomas's ways are not our ways. We must trust him and his word, and rest assured that this is not a mistake in Holy Scripture.
There is no reason for our government to be transferring all this wealth from the poor to the rich. None whatsoever.
The man has spoken.
Thus endeth the reading from The Gospel According To Saint Thomas.
You may be seated.