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Wednesday, September 21, 2011

Laissez Faire and the Economy

Over the last week, my Western Civ class has been covering the French Revolution. Which I was delightedly surprised to find mentioned the Romanticism, is it an Essay? Anyway, I have been enjoying the fact that three of my classes on Tuesdays and Thursdays seem to overlap in their topics.

I’m not sure I’ll have any brilliant thoughts this week, I’ve been a little confused with what I’ve read, but I’ll try to write something coherent. In Romanticism, as I will refer to it from here on out, Adam Smith’s “Wealth of Nations” is mentioned. This is also something that we covered in History, but that’s not what I wanted to talk about. I find his idea of laissez faire very interesting, the idea that private organizations should be allowed to do business together without the interference of government. Of course, this isn’t necessarily a good thing in some cases, which is, I think, the reason it’s not in practice. Perhaps if the government didn’t try to have its hands in everything, our economy wouldn’t be in the trouble it’s in now. I could be way off the mark here, but I have a feeling that if government officials stopped trying to come up with ways of taking care the 13 trillion dollar debt, we wouldn’t be 13 trillion dollars in debt.

I honestly don’t know if this makes any sense, but hey, I tried. Until next time

Meghan

P.S. I commented on Hunter’s “The Difference Between Opening a Can of Worms and a Can of Whoop-A**”

1 comment:

  1. A government is a body that has been put into place to govern a mass of people. In a perfect world, it would be by the people for the people, according to John Locke I do believe. It was put in place to govern and given the power to tax those living under its rule so as to sustain itself. I believe that the government should definitely leave the economy to its own...for the most part. The economy would do better if the government withdrew itself from the every day work. But, it still needs to look after food quality so as to protect the people it governs and other things along those lines. It should make the opportunity for everyone entering into the market equal, nothing more and nothing less. So that was my comment on the economy. I could go on longer but i decided to check myself and not go too long. The debt is another story... The debt has come from power hungry politicians seeking to have their way... They think about themselves, not the big picture. And in doing so they've spent trillions of dollars, and now that must be paid. The government took our money and squandered it... Once again I could go on, but I choose not too. Lol.

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