Last week was a busy one, but one interview that stood out was my talk with Ellen Shaffer. She is associated with a San Francisco Bay Area think tank. Of course, when you hear those words, you know that collectivist thought is never too far behind. She is outraged by potential cuts to Social Security, and she does not believe that Social Security contributes to the deficit. She will not admit that deficits are potentially fatal to an economy, as well as to a society. Her comrade in arms, Paul B. Farrell, goes even further to claim that it is actually the free market causing our moral decline. Somehow, he believes that crony-capitalism is a function of free markets. Perhaps he needs to crack open his Econ-101 text book, and find out what capitalism actually is.
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