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One of the advantages of living in a constitutional federal republic is that we have the ability, if not the duty, as citizens to repair or replace t… - Ziad K. Abdelnour
" "One of the advantages of living in a constitutional federal republic
is that we have the ability, if not the duty, as citizens to repair or
replace those acts of legislation under which we have agreed to live.
We must act when it has become evident that said legislation
no longer serves us as a people or advances the principles upon
which this nation was founded, one of these being “the pursuit of
happiness,” which may only be secured through wealth creation.
If it burdens the debt obligation of the government, it cannot
be creating wealth. If it does not advance the cause of regaining
American competitive dominance in the global marketplace, it is not
creating wealth. If legislation and regulation were proposed that
taught people how to fish instead of providing fish, then the unemployed
would find a way to create jobs for each other. Wealth
creation is mankind’s natural objective when given the opportunity
and the tools.
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Ziad K Abdelnour
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Additional quotes by Ziad K. Abdelnour
The question is not whether we should or should not regulate; it
is how much should we regulate and who the regulators should
be. We went overboard on deregulation under Reagan. Under
Bush, many people lost in the casino. Now we have the Obama
administration overreacting and overreaching with regulation that
does the exact opposite of wealth creation. If we are to have change
we can believe in, then we could start by replacing the majority
of the lawyers in regulatory agencies with actual experienced, successful
business veterans. They would have recognized the early warning
signs of many of the financial debacles created by the bubble-bust
cycle.
Central planning inevitably leads to economic chaos and failure.
Friedrich Hayek called the delusion that a single person or a group
of government planners could possibly possess the knowledge to plan
an entire economy a “fatal conceit.” The overwhelming historical
evidence is that the more freedom a nation has, the more economic
opportunities will exist and the more dynamic that nation’s economy
will be. Likewise, the more regulations, controls, taxes, governmentrun
industries, protectionism, and other forms of interventionism that
exists, the poorer the country will become.
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