fiat currency

I knew it! I just knew that I hadn’t imagined this. A cartoon from 37 years that I saw only once ago and I still remember it!

Around the mid-Eighties there was an animated series based on the beloved Berenstain Bears children’s books. The show ran on Saturday mornings on CBS. It was pretty good as I seem to recall. And often quite humorous.

Well, the other day one of the episodes sprang to mind as I was reading the news about the latest attempt to avoid a government shutdown. It involved the Bear kiddies learning all about money. How those little green pieces of paper don’t have value on their own. Instead they must be backed up by something with real tangible worth. In the bears’ world this happens to be the purest honey in existence. Without that backing, as the kids’ father puts it there would be total ...

Have to confess that until tonight I haven’t seen any rationale at all for the “Occupy Wall Street” protests going on right now in New York City. I mean, isn’t part of the American dream having the freedom to get as rich as you want to be from honest hard work and taking risks and making investments on those risks?

Let me be more succinct: in my mind, the Wall Street protests are being driven by activists determined to bring about socialism, to the detriment of industry that has allowed this country to boast the highest standard of living of any nation in recorded history.

Is our country perfect? No… and it never will be either. There’s always going to be room for improvement. But socialism has never proven itself in the long term to be a viable model and we would be wise to remember that.

However, tonight I ...

The Berenstain Bears learn about sound economic policy

If this is what “Occupy Wall Street” is about, I gotta agree