There is no such thing as “moral hazard” surrounding this bank bailout.

What the “moral hazard” critics overlook is the economic impact on those of us who rely primarily on wages to get by. Hiccups in the current monetary and financial system in the immediate term that change the wage earners standard of living have a greater detrimental impact versus those individuals buttressed by the ownership of claims on income. While it behooves the wage earner to reduce his or her exposure to the current monetary and financial system, the short-term bandage on this injury should be applied. The wage earner should bear in mind that this fix is short-term and that it is up to us to seek out a longer-term solution.

Using the Constitution to determine what your relationship with government is

The main body of the Constitution is where the political factions and their representatives play; where they determine the structure of and constraints on the government. There is little to nothing that you can do about the structure and constraints of the government. There is nary a mention in the seven articles of the Constitution of the citizen or the rights the citizen may have.

Your attention should remain on making sure that the promises contained in the amendments are kept.

The Journey Begins

Thanks for joining me! Good company in a journey makes the way seem shorter. — Izaak Walton