Conservative commentary: Econ pre-101

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— I had a strange experience a few years ago with one of the most influential journalists in the world. A graduate of Princeton and Oxford, he was traveling with our group in early 1990 shortly after the Berlin Wall came down. We got in a brief heated discussion about the Soviet Union, with his position being that no one really knew its evil until the early 1950s. Several of us blanched openly and I blurted out something to the effect of: "I beg your pardon! What about the Hitler/Stalin pact of 1939?"

He had never heard of it.

I don't mention his name because he wasn't nearly as responsible as the leftward-leaning higher educational system. They never seem to let facts get in the way of pushing their agenda incessantly to port.

This comes to mind because two highly educated Ivy Leaguers seem to be in the news lately. Their names both end with Obama. And they have repeated statements that are reminiscent of my friend's 18 years ago, only this time in the economics arena. They mouth the totally discredited theory of the "static pie." It purports to show a complete national economy frozen in time as a pie divided up in various pieces, most notably showing the "rich" having so much more than the "poor." The implication is obvious (and is explained in detail to those a bit slow) that the only solution is to take away from the wealthy and even things out by giving to the disadvantaged.

Barack Obama has called for the end of our being able "to eat as much as we want, set our thermostats at 72 and drive our SUV's" because the rest of the world won't stand for it. Wife Michelle has weighed in with comments about a more "fair" country (as opposed to a "downright mean" one, I suppose) that Barack will restructure by taking from those who have too much to share with those with too little. Obama is proclaimed the new JFK, but someone should whisper to him that his idol knew that cutting taxes spurred economic growth. Would you like some quotes?

Of course, the obvious question when you hear this kind of demagoguery is: Who Decides? Can I volunteer to be on that team? And of course, the $64,000 question surrounding these kinds of policies: Who is RICH? Please include me out!

But a more pertinent question to me is whether the Yale/Harvard economics classes touched on economic GROWTH as the engine of prosperity as opposed to redistribution, which has never, ever worked as a long-term fix for the underclass? If so, were either of these geniuses paying attention? It seems doubtful because their plan not only is for America to tax its way to prosperity, but also to allow the United Nations taxing authority to help "alleviate poverty" over the rest of the world. Thankfully, this Obama-sponsored bill was just defeated in the U.S. Senate, but you can be assured it will be back with bells on in an Obama administration. The cure for world poverty simply is more economic freedom, not redistributing the world's wealth. The list of countries that have shown this is unending: North/South Korea, Hong Kong/mainland China, East/West Germany. A blind man (or a non-Ivy League college student?) could see this in the dark!

Or maybe it's also a legitimate question that if this couple's closest friends and confidants for the past 20 years are people who essentially hate our free enterprise system, our foreign policy and even America itself, do they share these beliefs? Hmmmm :

Gary Hofmeister is the owner and operator of Hofmeister Personal Jewelers in downtown Steamboat, a company he founded in 1973. He is a Director of the Conservative Leadership Council of Northwest Colorado and a former Republican nominee for Congress in the 10th District of Indiana. He made 18 trips to the former USSR to teach democratic-capitalism during the 1990s.

Comments

Murray Tucker 6 years ago

As a student of foreign affairs in the Post WW2 period I learned the name of the "Hitler Stalin Pact" as the "Molotov Ribbentrop Pact." I know it has many additional names, but remember, the wonderful U.S. was also a stated neutral at this time and selling to the Nazis and lending them money (Harriman, Walker, Bush) wasn't made illegal until early 1942!

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