Posts tagged ‘Social Security’

Awesome Statement of Principles

From Arnold Kling, one of those articles so good I have trouble excerpting it to do it justice.  Here is just a small taste of some of the principles he puts forward:

1. Liberty is important for its own sake. People are entitled to make their own choices.

2. There are other values in addition to liberty. However, many
noble causes end up infringing on liberty without achieving their
desired ends. Government policies should be evaluated on the basis of
their consequences, not on the basis of how they make us feel. It may
feel good to set a minimum wage, to impose rent control, or to declare
a war on drugs, but the evidence is that such policies tend to work to
the detriment of their intended beneficiaries.

3. I value relieving the suffering of others. However, compared with
liberals, I have considerable humility when it comes to advocating
taking other people's money in order to satisfy my urge to alleviate
poverty.

4. Corporate power is adequately checked by market forces.
Competitors are the main force protecting consumers. Alternative job
opportunities are the main force protecting workers. For corporate
power to be a threat, it must be allied with government power.

Please, go enjoy the whole post.

PS- OK, if you really aren't going to read the whole thing, here is another taste:

I believe that in reality what has helped the less fortunate is
economic growth. Today's elderly are affluent not because of Social
Security, but because of all of the wealth created by private sector
innovation over their lifetimes. Government involvement in health care
and education is an impediment to progress in those fields. Job
training and welfare are demonstrable failures.