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Thought To Ponder
So that the record of history is absolutely crystal clear. That there is no alternative way, so far discovered, of improving the lot of the ordinary people that can hold a candle to the productive activities that are unleashed by a free enterprise system.
The Nassau Institute is an independent, a-political, non-profit institute that promotes economic growth in a free market economy with limited government, in a society that embraces the rule of law and the right to private property.
To see The Bahamas become the first small, developed, sovereign country in the region, recognized as a model for the world.
• Socialism through the back door
The creation of the Federal Reserve Banking System during the Progressive Era represents the breach of the wall in the fortress of capitalism. By substituting a group of elite bureaucrats for the free market in the business of money production, central planning and outright socialism are entering through the back-door.
Money is a core institution of capitalism and it developed through many centuries by pure voluntary cooperation, in the same way that language developed, albeit over a longer period of time.
Sound money is essential in the process of economic progress, without sound money it is hard to trade; if it is hard to trade it is hard to specialize; without specialization there are no productivity gains; without productivity gains there are no savings and without savings and investment no economic progress is possible.
Sound money also keeps bankers honest, debtors judicious and government officials subject to the taxpayers willingness to be taxed and the view of the market when they offer government securities.
Can you imagine language being regulated and interfered with by government? It is already happening in universities in the developed world.
• Freedom Of Information Public Education Forum
ORG Bahamas Foundation & Citizens for A Better Bahamas
ORG Bahamas Foundation and Citizens For A Better Bahamas are co-hosting a FREEDOM OF INFORMATION Public Education Forum at 6:30pm - 8:30pm Tuesday, May 10, at The Dundas Centre for the Performing Arts on Mackey Street.
Let's Talk About It!
Why do we need a Freedom of Information Act?
How will a Freedom of Information Act affect me?