"Tis the season to be jolly."
But this year it's going to be a challenge for many Americans. A Washington Post survey this week reported two-thirds saying they were being impacted by the current recession. In another poll, 57 percent said they'd be cutting back on their Christmas spending.
Nothing unsettles the human heart and mind more than the unknown. I think our general discomfort is compounded by a feeling of not knowing exactly what is causing this economic tsunami and how and when we'll recover.
Maybe as we consider all this, and particularly at a time of the year when we think about the blessings we do have to count, we might ponder what produced all the prosperity we have to begin with. What's behind this great economic miracle — the greatest of all time — the United States of America?
If we listen to the news and our politicians, you would conclude it's all kind of a big machine. Like with a stalled car, they're all under the hood trying to figure out what went wrong. A busted hose? Distributor? Spark plugs? What needs to get fixed or installed to get the thing running again?
Or, alternatively, you'd think that we're like a bunch of white laboratory mice running around in a cage. The policymakers stand over us in white coats trying to figure out, "Well, do we need to give them a food pellet or an electric shock to get them to do what we want?"
Are we so lost today that we have forgotten that our great miracle has been produced by free people living in a free country?
Yet, now we hear from politicians that the problem is we're too free. We need more government, more regulations, more bureaucrats planning our lives and telling us what to do. Who is asking, given what made us great to begin with, if the problem is not exactly the opposite?
Consider that on the other side of the world the Chinese are now celebrating the 30th anniversary of the economic reforms that introduced private ownership and free markets into their communist country. Sure, China is still run by their Communist Party. But 30 years ago 100 percent of their companies were government run. Today half have been privatized.
China has been growing at double-digit rates since it opened the door to economic freedom. Income per person is 10 times higher today than 30 years ago. And 250 million Chinese have been lifted out of poverty.
Now I read that another miracle is occurring in China alongside of the new prosperity which freedom has enabled.
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