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BYU undergrad, Texas Aggie grad: CougarTex
My hope is that Economic Facts and Fallacies will expose some of the worst fallacies and leave readers sufficiently skeptical that they will take other political “solutions” with a grain of salt and stop to think before they join a stampede.It stands out to me that societal problems become more apparent when we depart from the free market and the family in this country. There was a time when the black family unit was the strongest in the United States. Now, most blacks (African-Americans - I never know what I am supposed to say) are born outside of marriage. As I remember, whites and hispanics born outside of marriage have similar crime rates, high school drop out rates, and drug use rates as the blacks. The trajedy is not as racial as it is familial.
Fallacies can sound very plausible if you don’t stop to analyze what is being said and don’t bother to check out the facts.
Some of the fallacies examined in various chapters of Economic Facts and Fallacies include the following:1. Government programs are needed to create “affordable housing.” (Actually, government intervention is what has made housing so unaffordable in places where even hovels are expensive.)Economic Facts and Fallacies is not just a demolition derby. It also brings out some facts that seldom get much attention in the media.
2. Employer discrimination is the main reason for differences in income between women and men. (Tons of evidence point in other directions.)
3. College tuition is going up so fast because of rising costs. (Only if you call voluntary increases in spending “rising costs.”)
4. Foreign aid helps poor countries become more prosperous. (Only if you don’t look at the evidence.)
5. The rich are getting richer and the poor are getting poorer. (It all depends on whether you are talking about flesh and blood human beings or statistical brackets.)1. The poverty rate among black married couples has been in single digits since 1994.
2. The average income of the elderly is several times their earnings, and their wealth is far higher than among younger people.
3. Just as blacks are turned down for mortgage loans more often than whites, so whites are turned down more often than Asian Americans. (What does that do to racism as an all-purpose explanation?)
There were five other virgins. They worked hard in industry rather than finance, saved rather than borrowed, paid their taxes, didn't speculate on subprime mortgages and didn't run hedge funds. They didn't get fat bonuses, either, during the bubble or during the crunch. They weren't running risks -- or, at least, that's what they thought. The snag is that, after the Federal Reserve's Ben Bernanke and his French cousin, Jean-Claude Trichet started spraying around cheap cash to bail out Stan, Chuck, Fannie and the like, inflation started seeping into the economy. That eroded the real value of the "wise" virgins' savings.The real disease is the desire to escape the natural consequences of foolish choices. This disease manifests itself in all aspects of life. People everywhere refuse to take responsibility for their own actions and then expect someone else to come in behind them to rescue them from the law of the harvest.
Ye have said, It is vain to serve God: and what profit is it that we have kept his ordinance, and that we have walked mournfully before the LORD of hosts?The only problem is that "the Lord would not always suffer them to take happiness in sin." CEO's artificially inflated stock prices with these subprime loans, took their huge bonuses, and left their businesses in shambles. Lots of innocent people are being hurt because these businesses are in such trouble, and now, all of us that have been wise with our finances are faced with higher inflation and lower value of savings.
And now we call the proud happy; yea, they that work wickedness are set up; yea, they that tempt God are even delivered.
We have a major responsibility as Latter-day Saints to define ourselves instead of letting others define us. Far too many people have a poor understanding of the Church because most of the information they hear about us is from the news media reports that are often driven by controversies. Too much attention to controversy has a negative impact on peoples’ perceptions of what The Church of Jesus Christ of Latter-day Saints really is.There has been so much said about the Church by people who know so little about it. News reports focus on the sensational and ignore the nitty gritty of who we are as Saints. Some news coverage is ridiculous. There are a few talking head who have intense hatred for The Church of Jesus Christ of Latter-day Saints. One thing Mitt Romney's campaign has done is bring these people out of the woodwork. Even a few of his opponents have ventured into anti-Mormon fare.
Protecting one’s freedom of religion necessarily and inescapably presupposes the propriety of allegiance to something higher than that government. Any government that respects freedom of religion must necessarily wrestle with, and accept, its own limitations. If you believe that a government must provide freedom of religion, then you must also believe – and that government must also believe – that there are appropriate limits to government power, that there are parts of our lives into which a government cannot intrude.There is also a warning for when a country starts limiting religious freedom:
If you see a government trying to suppress and control freedom of religion, then you know trouble is on the way. It is like the canary in the coal mine. It is the first signal that a government is beginning to abuse all the human rights or soon will.