Thursday, April 12, 2007

Well-Intentioned Letter to Save the World

I've written a letter to the leader of the Congo, Joseph Kabila. It states some of the problems he has in his country and outlines some solutions to the problems. I'm sending it to the his ambassador to this country in the hopes that it may do some good to alleviate the problems of his people.
The problem is I'm going to have to rewrite the letter. In encouraging him to use his power as the government, I seem to have made a mistake. Reading Economics In One Lesson, by Henry Hazlitt, I find that governments creating jobs will actually harm rather than help the economy. Jobs will be visibly created, yes, but the money to hire them will be taxed from the people, thus decreasing jobs. And government loans are not helpful either, in taking bigger risks with taxpayers dollars than would be done by banks or private lenders.
It's amazing what we learn in public schools about the Depression and how jobs were created by the government and loans given out as part of the New Deal. In actuality, the New Deal itself wasn't what brought the change, but the attitude of the people being brought out of their depression. That's what I believe really brought on prosperity.
This is all research for a paper I will write on whether forign aid is a solution to third world poverty. So onward I forge in my quest for dollars to aid me in dollars which will enable me to have no more loans! Not that loans are a bad thing, they simply are a pain in the butt to have to pay off.

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