About Me

In writing the "About Me" portion of this blog I thought about the purpose of the blog - namely, preventing the growth of Socialism & stopping the Death Of Democracy in the American Republic & returning her to the "liberty to abundance" stage of our history. One word descriptions of people's philosophies or purposes are quite often inadequate. I feel that I am "liberal" meaning that I am broad minded, independent, generous, hospitable, & magnanimous. Under these terms "liberal" is a perfectly good word that has been corrupted over the years to mean the person is a left-winger or as Mark Levin more accurately wrote in his book "Liberty & Tyranny" a "statist" - someone looking for government or state control of society. I am certainly not that & have dedicated the blog to fighting this. I believe that I find what I am when I consider whether or not I am a "conservative" & specifically when I ask what is it that I am trying to conserve? It is the libertarian principles that America was founded upon & originally followed. That is the Return To Excellence that this blog is named for & is all about.

Saturday, August 28, 2010

Steve Wynn - Ratexian

Thanks to a member of our group who sent along the link for this video of entrepreneur Steve Wynn passionately describing the problems with his businesses & the American economy.

Wynn is really explaining the principles of what economists call Rational Expectations (Ratex). This theory interprets the interaction of government policies & individuals, including regular people as well as entrepreneurs like Mr. Wynn. Ratexians, like Mr. Wynn now seems to be, argue that government activism in markets causes uncertainty, complications, confusion, second guessing, & is extremely perilous. Ratex is a 20th & 21st century version of Adam Smith's beliefs that free markets are better for an economy than government tampering.

Ratex argues that active government interference is @ best ineffective & in our current case - it makes things worse.

Mr. Wynn obviously falls in the "makes things worse" camp because as of 2009 he is listed as the 468th richest man in the world - down from 277th with a net worth of $1.5 billion down from $3.9 billion.

It is no wonder Mr. Wynn appears bitter with BO. I have my own reasons & not all of them are economic.

1 comment:

  1. My, my.... wealth is relative...........

    ReplyDelete