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Saturday, September 05, 2015
  • Sunday, August 30, 2015 7:56 PM

    When the U.S. stock market crashed on August 24 most media talking heads blamed it on China’s stock market crashing. But what they don’t mention is the fundamental reasons why both markets crashed: Currency manipulation by central banks in China and in the United States. Both have been essentially “printing” money (this counterfeiting is done electronically today) to prop up their banks, stock markets and economies, to push prices up and give the illusion that everything is rosy.

    But those high prices are an illusion. It’d be like playing Monopoly and at the end of every round taking a $500 monopoly bill, photocopies it twenty times and hand them out to each player. Soon players will pay $100,000 for Boardwalk. It’s not that Boardwalk has any more real value, it’s just that every monopoly dollar is worth less so it takes a lot more of them to buy the same thing. 

     
  • Sunday, August 23, 2015 11:29 PM

    On August 17, the Republican Town Committee of New Ross held its convention and chose incumbent Rebecca Lowe as the Republican nominee for clerk-treasurer. Lowe received 34 votes to challenger Michall Shaw’s 19 votes. The New Ross convention had an impressive turnout with 53 of the town’s 154 registered voters cast a ballot (34% turnout), exceeding everyone’s expectations and required additional chairs to be set up and ballots to be printed out minutes before the convention was due to start.

    On August 18, the Republican Town Committee of Wingate held its convention and chose incumbent Steve Stine, incumbent Joe Carter and newcomer Kathy Pipher as the three Republican nominees for town council. Pipher edged out incumbent Shane Walkup on the third ballot of the convention. Of the 148 registered voters in Wingate, 24 cast ballots in the convention (16%).

     
  • Sunday, August 09, 2015 10:16 PM

    “Observe good faith and justice toward all Nations.” – George Washington

    Last month the Obama administration actually did something right for a change. The Iran agreement marked a step in the right direction for our policy in the Middle East. This, along with normalizing relations with Cuba, is the kind of diplomacy that will lead to peaceful, positive change.

    We would do well to remember that Iran didn’t start this crisis. The crisis didn’t start with Iranians overthrowing the Shah and taking of American hostages in 1979. It started when the U.S. CIA overthrew the democratically elected Iranian government of Mohammed Mosaddegh in 1953, and installed a brutal dictator (the Shah) in his place. 

     
  • Sunday, July 19, 2015 11:17 PM

    I was treated to something extraordinary the other weekend. It was one of those experiences that stays with you, you can’t stop thinking about it, people catch you daydreaming and have to snap you back into the present (“John. John! Did you hear what I just said?”)

    Here’s what happened. A group of teenagers from St. Bernard Church had just returned from a mission trip to Carrefour-Sanon, a tiny mountain village in Haiti, and on Sunday morning before services began they gave an hour-long presentation on their experiences there. Each shared a very personal story. As we sat there listening to the first teen giving her account it soon became obvious we were witnessing something special. It wasn’t so much the story that she told, about finally meeting “grandmom,” the 100 year old Haitian woman that her family had sponsored for years, but it was this young lady’s own reaction as she was telling it. Fighting back tears, the young lady shared how happy grandmom was for everything her family had done for her, and how grandmom told her that she was now her granddaughter, too. It was more that we were witnessing how human beings are supposed to be with each other. We were witnessing the love God intended us to have toward one another. 

     
  • Sunday, July 05, 2015 9:07 PM

    The front page of the June 26 Journal & Courier heralded, “Affordable Care Act Subsidies Upheld. Supreme Court vote preserves tax credits for more than 180K in Indiana.” The photo showed two young adults celebrating outside of the Supreme Court, holding “Still Covered” rally signs, happy as can be that the government is going to help them pay their healthcare insurance premiums. The caption noted that of the 180,000 Hoosiers who used Healthcare.gov to buy insurance this year about 9 of 10 received a tax credit, which lowered the average insurance premium by $320 a month.

     
  • Sunday, June 28, 2015 10:49 PM

    A great opportunity was missed recently. We had the opportunity to have an intelligent, adult conversation on how best to help the poor among us. The debate was on whether the poor are best served by creating prosperity, or are they best served by complaining about “income inequality” (i.e., about how much more the rich make than the poor). The question was asked, “Would you be willing for the rich to be even richer if it meant improved conditions for the poor?”

     
  • Sunday, June 14, 2015 11:44 PM

    The next time you hear someone lamenting about inequality, you should ask, “Is this person really concerned about the poor? Or is he just resentful about the rich?” An easy way to tell the difference is to ask him if he’d be willing for the rich to be even richer if it meant improved conditions for the poor. If he says, “no,” he is admitting that his concern is with what the rich have, not what the poor don’t have. If he says, “yes,” he is admitting that the so-called “income gap” isn’t a problem.

    Once you’ve gotten that out of the way, you can start talking about the real problem: How do we best improve the conditions of the poor without paying them to live off the government. In other words, our solution should deal with absolute poverty, not relative poverty.

     
  • Monday, May 25, 2015 8:52 PM

    “[O]nly a virtuous people are capable of freedom. As nations become corrupt and vicious, they have more need of masters . . . I have lived, Sir, a long time; and the longer I live, the more convincing proofs I see of this Truth, that God governs in the Affairs of Men. And if a Sparrow cannot fall to the Ground without his Notice, is it probable that an Empire can rise without his Aid? . . . We have been assured . . . in the Sacred Writings, that ‘except the Lord build the House, they labor in vain that built it.’ I firmly believe this . . .” – Benjamin Franklin

    We often talk these days about the public sector (government) and the private sector and what role each should have. But we really should be including religious institutions as the third sector of any free society. As Benjamin Franklin noted, freedom thrives most in a society when individuals are driven by personal virtue to voluntarily cooperate with each other. And it is the proper role of our religious institutions to persuade men to live virtuous lives, putting their neighbor above themselves, to voluntarily feed the hungry, clothe the naked, care for widows and orphans.

     
  • Monday, May 11, 2015 1:46 AM

    A true free market provides the best opportunity for a prosperous and peaceful society. The more we know about how free markets work, the better we can support policies that support a free market. There are six key concepts to remember:

    (1) Only individuals actually make economic choices. Corporations, government entities, and other organizations do not make these choices. It’s the individual people within them that do.

    (2) The role of exchange and trade. The whole reason people engage in exchange is to improve their well-being. Two individuals agree to a trade when it’s mutually beneficial. They both trade because each person believes he will be better off as a result.

    (3) Cost and utility are subjective. A certain product is typically considered more useful or valuable to one person than to another person. Only the chooser can know for sure how valuable a good is to himself or the cost of his actions are to himself. 

     
  • Friday, April 10, 2015 2:43 PM
    "One of the greatest mistakes is to judge policies and programs by their intentions rather than their results." - Economist Milton Friedman (recipient of the 1976 Nobel Prize for economics)

    Since 2011 Todd Barton has been claiming that we're not a great community anymore, painting a grim picture that we will lose our industry and lose our jobs, and suggesting that we are dying. He claims that without his plan of centralized economic planning by local government we will slip backward into an abyss and become some sort of backwater community. I disagree with his pessimistic opinion of our community. I think it shows his lack of appreciation in the everyday people of this community to come together and do great things. And I especially disagree with his plan to drastically expand government projects to fix his exaggerated crisis. This community does have several problems to fix, but they're not the ones he's addressing.

    Mr. Barton's economic plan is based on the false assumption that "If You Build It They Will Come," that if we merely make things look pretty that outside businesses will suddenly move into Crawfordsville: Commerce parks, economic development corporations, bike trails, Amtrak, convention centers, downtown beautification projects, all at taxpayer expense of course.

     

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