Showing posts with label bailout. Show all posts
Showing posts with label bailout. Show all posts

Sunday, December 7, 2008

Ben Stein's Smarts and God's Wisdom - Ben on Friday's Medved's Show

Michael Medved was surprised in a discussion of federal stimuli and bailouts on Friday, to hear the reaction of Ben Stein who is accomplished on many fronts and traditionally a Republican. He is also the son of noted Republican economist, Herb Stein. I was not surprised. Stein supports both a huge stimulus and a bailout of the auto companies. Taxes or debt aren’t necessary: just print the money, he says. I have heard Stein say these things many times. He also says the very wealthy must be taxed to provide health care for those who can’t afford it. That’s a noble sentiment, but it has practical problems. It’s a disincentive to achieve and a disincentive to attentive and innovative health care. But I think there is a conflict buried at the bottom of Stein’s sentiments on this and the matter subsequently discussed.

There was also a brief discussion about one specific (there were many, Republican and Democrat) criticism of Republican politicians like Sarah Palin and Bobby Jindal who supposedly do not accept evolution. I say supposedly because I haven’t heard Jindal opine on the matter (perhaps he has, but surely any uncertainty about that reflects the absolute FACT that the question is utterly irrelevant to national politics) and Palin has said specifically that evolution should be taught in schools. I agree that it should be, simply as a matter of understanding Western culture. But whatever any politician may say, let’s just bring the matter home. Though I think schools should teach evp;ution (though not as FACT in my school district), I explicitly do NOT believe in evolution as a sufficient explanation for all of life on earth. I will also say that I am not philosophically resistant to the possibility of evolution being an explanation for all earthly life. Yes, I believe in God and the truths of The Bible. But, I wouldn’t lose those beliefs if I thought the case for an evolutionary explanation was compelling. I simply don’t find it compelling at all but rather find it feeble as persuasion. I’m not forced to cling to it by a philosophical commitment to deny creation.

Stein of course finds the evolution case at least eminently questionable, for those of you whose heads have been so otherwise occupied as to be entirely unfamiliar with the movie, “Expelled: No Intelligence Allowed,” which Stein hosted and which laments the resistance of the public science establishment to even the SUGGESTION of the possibility of an intelligent designer of either life or the cosmos. If I say a (now non-existent – I’m not holding my breath) demonstrable truth of evolution would not disturb my faith in God, it appears the same cannot be said of the doctrinaire evolutionists as to their faith. That just affirms that for them the issue is not one of empirical data, but rather one of naturalist philosophical dogma: intelligent design is beyond their consideration because the idea challenges evolution. I don’t, but many noted scholars who advocate intelligent design, believe that design was expressed through evolution.

Anyway, I question Stein’s sincere conviction that there must be a huge stimulus and bailouts of large industries on the basis of my belief that the prods of a free market are part of God’s design, just as is biological life. Let’s stipulate some things: Ben Stein is intelligent and accomplished. I’m a disabled ex-salesman. They shouldn’t command it anyway, but in this case clearly I’m not pleading credentials. Just as in any other case, I only plead consideration of my words, themselves. I have heard Stein express several times that the very rich have the money to finance what are some worthy needs, and these specific actions are necessary to avoid economic pain. He’s correct about that, but that isn’t the entire story. However he might distinguish it, this is essentially the argument advanced by liberals to defend most all of the projects they find so urgent. In fact, when Medved pressed Stein to name a politician who agrees with his prescription, the only name that he mentioned was Barney Frank. Ouch!? Stein admitted creating the money would be inflationary, and it is so by definition. But, he said the effect was outweighed by the urgency of sparing the pain of the alternative, whether unemployment or tight credit.

After Stein’s schedule dictated his departure, Medved did say that he opposed those economic matters advocated by Stein because they reward failure and punish success, which is true. Medved also said that what rich people do with their money if they keep it, is invest it. Stein countered that there is enough money to invest out there, but it is held because of fear. He's right that money would be freed if fear were relieved. But incremental money above what some projects demand, is also invested. The only thing better for an economy than money invested is more money invested.

But there are more reasons that I believe inhere in human nature that those prescriptions are wrong. Specifically, I believe there is no prod to achieve success and/or to avoid failure like the very pain that Stein seeks to alleviate. I’m not saying that those who are experiencing difficulty should not be helped. They should be, by private individuals and organizations; but not by government. To make such aid the presumptive duty of government removes the urgency to succeed or avoid failure. On a micro scale, it’s the same reason that government bailouts and subsidies are not constructive things for large commercial organizations. This is a disincentive to achieve for one’s family, which both will reduce the general product of society and also preclude the pride and accomplishment of having done so. All of that in addition to the monetary inflation and generally weak monetary policy.

Just as Stein believes as I do that the biological world evinces a stunning complexity and elegance reflective of design, so these prods and rewards are inherent in human society, having been built into the system of human society by the very same designer. None of this is accidental or without purpose. As in most things, when government imposes itself upon the system it more often than not corrupts it. It not only corrupts but devalues the system: the true fulfillment and reward of work is diminished and the value of true charity is all but lost.