Yes, there are probably counter-fatwas against him and it may not amount to much but it is refreshing and can offer a glimmer of hope. Extremism runs in cycles. Maybe this is a hint of reaching its peak.

However I won’t go as far full-blown Libertarians who think the only role for the federal government is national defense, printing money and White House tours.

The reason we all have color TVs, radios, cell phones, cars and computers is because innovation and efficiency have made it cheap to make them. That eliminates some jobs but it creates others, and the increased efficiency creates a larger economy with more goods and services.

Computers got rid of typewriters and most typists. Now the boss can type his own letter. But we’re better off for it.

It’s a zero sum game.

Here’s a good article on the subject.

“all things that are resources become resources only after individual human beings creatively figure out how these things can be used in worthwhile ways for human betterment.”

IOW, wealth is created by innovation and technology. Not by banks. Not by governments.

It is possible to create wealth and make the pie bigger. But that happens through innovation and new technologies — not by printing money.

Creation of wealth happens when banks lend (not “loan, dammit!) money, and when governments print it. Increasing productivity is a zero sum game unless there is someone to buy the extra goods. That can only happen if they get a loan, or if there is inflation due to governments printing money.

The article I linked to points out the basic problem with letting bankers run the central bank. They like really counterproductive things like the gold standard, because it makes them the only game in town. That’s why they hate inflation so much.

It is possible to create wealth and make the pie bigger. But that happens through innovation and new technologies — not by printing money.

The main idea was to instill some basic economic facts that people like to forget, like that there isn’t infinite money in the world, so when you add to one thing you have to take away from something else.

Maybe it should be amended so that on the second day, the teacher buys 5 pies, but 1 is taken away because the governor wanted to give that pie to corn growers, or something like that.

And yeah, the teaching function of law is often overlooked but it seems glaringly obvious to me. People who think that outlawing abortion wouldn’t stop people from doing it are just, well, silly-billies. It wouldn’t end it, but it most certainly WOULD limit it.

As always, JK gets right to the heart of the matter– and I’m actually inclined to agree. There is no limit to the size of the pie; the government can make the pie as big as it wants.

Unfortunately there is a limit to the mass of the pie, which refuses to heed government dictates to change. Therefore the pastry in question will become sufficiently diffuse that it’s indistinguishable from no pie at all. At this point it becomes difficult to run a cake shop, as your customers can get better dessert for their money elsewhere, and bartering cake for other products becomes impractical given the sheer volume of cake required to get any icing.

Cake. Yum!

I’m sure spending priorities are messed up, and that would be a valid thing to complain about.

My main point is that using elementary school children to promote an agenda they can’t really understand is despicable.

This when raising Georgia’s tobacco taxes to the national level would raise about the same amount as the proposed budget cuts. Oh, and this at a time when the governor wants to build a $9 million horse farm with state money in his home county. I can’t speak for all states, but college students in Georgia have a reason to be angry.