Wednesday, September 21, 2005

How About "Law of Supply and Demand" Day

This past Saturday (Sept. 17) we celebrated Constitution Day, on which, among other things, schools are required to devote time to educating students about the Constitution. This is inarguably a good thing, given that the Constitution is the seminal document of our democratic governance and that most young people know not a lick about it (older people too for that matter). It couldn't come at a better time given some of the severe attacks on the Constitution of late and the perversions of it that we as citizens have to endure.

Well, given that we live in a free-market, capitalist society (and even if we didn't) and that most young people know not a lick about economics (older people too for that matter), how about a national day of forced learning about some other seminal principles? It couldn't come at a better time given some of the severe attacks these principles have taken of late and the perversions that we as citizens have to endure.

2 Comments:

Blogger Donny Baseball said...

Zoltan-
Yes, eminent domain abuse has been building for some time, Kelo is just the latest and greatest abuse. I was hopeful seeing as how Poletown was reversed (I'm sure the Poletown residents were thrilled to hear that) last year and the MI SC called it a travesty or something. I love these overturnings after the damage has been done, like the Arthur Andersen case.

Back to Kelo, it would have been a great opportunity to stop the growing ED (not the Bob Dole ED) abuse trend from accelerating. A stricter anti-taking ruling, combined with Palazzolo a few years back, would have warmed my heart about the state of personal liberty in this country.

9:07 AM  
Blogger Donny Baseball said...

Zoltan-
Apropos of the theme of this post, check out the WSJ online econoblog today. Go to wsj.com, right there in the "Free" shaded section.

9:48 AM  

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