Recently I read a book called "Atlas Shrugged" by Ayn Rand. The gist of the book is that you have to let markets work, companies be profitable and everyone functions best when actively pursuing their own self interest. I recommend the book it was great, albeit extraordinarily long.
As I'm watching the news this evening I flashed back to the book. So many things on the news seem to be taken right from the book, by the way the things are bad. For instance, levying an extraordinary profit tax on oil companies in the name of public service. I hate to break it to people, oil companies aren't a public service, they are in it to make money and they should make money, that is how a free robust economy works. Those "extraordinary profits" are the thing that helps catapult experimentation and development of new technologies that then take us to the next level. An example would be oil sands.
Another thing from the book are problems with food supply and transportation. This video from NBC hosted by Ann Curry (great anchor and great on the today show), brings into stark reality what a food shortage would look like in our modern world.
Pretty shocking and not far from a possibility in our country. Glad we have prophets who have warned us to prepare.
My Thoughts on the economy and investing, food, family, News, events, church and all things Billy Bayne.
June 10, 2008
Concerning World Issues
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thats when i would say hello to a new scooter.ReplyDelete