The wisdom of burning bridges one wishes to use to cross the river.

Some weeks ago, a German TV station showed a program about the American Dream. Regardless of rather pessimistic personal expectations, the program could not be skipped. Indeed, true to form, the long report concluded that the American Dream, once the key to general satisfaction, integration, and social peace, has faded. Accordingly, the certificate of death of the sustaining social myth and with it for the US was issued. 

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Denial is leading to collective economic suicide in Europe and the United States. The French elected a socialist president who wants to raise taxes on those elusive rich and keep spending as if there is no tomorrow. 

Many on the left, including European socialists in tandem with the New York Times and its economist Paul Krugman, are falsely claiming that Europe and even the United States are being saddled with "austerity." Their claim is that governments are not spending enough to reduce unemployment. They want higher taxes on the most productive plus bigger government. 

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Why most of the time we have our collective selves to blame.

We like to blame government for our troubles. This tells that government’s role might be overestimated. Nevertheless, many problems would not exist if statists had not fixed what worked before their interference.

Apparently, government power is limited when it endeavors to repair something it declares to be broken. A case can be made that it is a force whose intentions tend to be misdirected, its goals falsely identified, and the means chosen unfit to solve the problem. 

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