One of my intellectual heroes — Richard Maybury — always discloses in his books exactly what his political “angle” is. The general idea is that everyone has a bias, and it’s important to understand exactly what that bias is. In the past, I haven’t discussed politics much at all. Earlier today, a reader emailed me with a question: “What do you believe about government’s role in the economy?”
This was an interesting question, and I think it’s only fair that you know where I’m coming from. After all, if you disagree with how I view the world, why would you trust my ability to discuss investing or economics — two important aspects of that worldview? In the interest of full disclosure, here it goes.
The Purpose of Government
I firmly agree with the principles of America’s founding. I can’t even write this without getting goosebumps right now. I believe that if there is any sort of moral government, it is one that, as Texas’ Declaration of Independence wrote, protects our “lives, liberty and property”.
Governments are instituted to protect those rights. Government doesn’t exist to make sure we eat the right food, or that we believe what they think is true. Proper government exists only to protect the rights of life, liberty, and property. And, part of that means enforcing contracts.
This means I reject Obama’s health care plan.
This means I reject subsides to oil companies.
This means I reject high taxes.
This means I reject “bailouts” for failed corporations.
This means I reject “free” education.
In the end, I believe in economic liberty — I believe in capitalism. I’ve even literally started an organization to help further an explanation of these ideas over at Capitalism Institute. I hate socialism in all of its forms.
I realize this will upset quite a few people, though I’m sure most of our readers will find this resonates well with their understanding of the proper role of government as well. Later today, I’ll also write up an article detailing my disclosure on economics as well.
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