Michael F. Haverluck writes: With the self-proclaimed socialist, Sen. Bernie Sanders (D-Vt.) being the hands-down favorite for young Americans looking for a Democratic presidential candidate, the results from a recent survey confirms this Leftist bent, showing that more than half of American adults under 30 reject capitalism. The study conducted by Harvard University was a shocker for many Americans, showing that capitalism is dying in…
NEWSBALANCE
A Focus On Liberty by Bill B. May, PhD
The goal of the NewsBalance site is to educate readers on politics and economics using the principles of Liberty. If we think that schools fail us in basics like math and English, think about sending our children into the real world with virtually no education in economics. The education in politics is little better because it lacks any substantive discussion of the unintended consequences of well-meaning politicians or the monopoly nature of government. Both of which fail the citizenry compared to free enterprise where mistakes are either soon corrected or the business fails so that another one with better ideas can take its place.
Liberty is a fundamental yearning of humans, right behind satisfying hunger and comfort. People as young as two yearn want to do things their way. If we must be governed to keep an orderly society, that government should focus on protecting people’s liberty and we should not allow government to violate our liberty itself. That is the focus.
John C. Goodman writes: On Monday, Puerto Rico missed a payment on $422 million worth of bonds. If the United States doesn’t come to the rescue, this will be only the first of many defaults to come. In all, the island has $72 billion in debt and an additional $46 billion in unfunded pension liabilities — totaling more than the country’s annual GDP. As debt…