Wednesday, January 15, 2014

Lev 25:10 Economic Freedom

(Lev 25:10 KJV) And ye shall hallow the fiftieth year, and proclaim liberty throughout all the land unto all the inhabitants thereof: it shall be a jubile unto you; and ye shall return every man unto his possession, and ye shall return every man unto his family. [N.B. Context is important.]
Liberty Bell vs Federal Ogre
Liberty Bell:
Proclaim LIBERTY throughout all the Land unto all the Inhabitants thereof Lev. XXV X
By Order of the ASSEMBLY of the Province of PENSYLVANIA for the State House in Philada.
Pass and Stow [/] Philada [/] MDCCLIII
The Liberty Bell [/] Tradition tells of a chime that changed the world on July 8, 1776, with the Liberty Bell ringing out from the tower of Independence Hall summoning the citizens of Philadelphia to hear the first public reading of the Declaration of Independence by Colonel John Nixon.
The Pennsylvania Assembly ordered the Bell in 1751 to commemorate the 50-year anniversary of William Penn's 1701 Charter of Privileges, Pennsylvania's original Constitution. It speaks of the rights and freedoms valued by people the world over. Particularly forward thinking were Penn's ideas on religious freedom, his liberal stance on Native American rights, and his inclusion of citizens in enacting laws.
[N.B. The founders of Pennsylvania belonged to the Society of Friends (Quakers). Their record as champions of political, religious and economic freedom was exemplary. Their innovation of fixed price merchandizing was based on biblical principles. But it helped produce the economic dynamism of the West, and made a number of early friends very wealthy. The trial of William Penn for preaching in the street established the freedom of juries to ignore the judge. Their practice of passive resistance includes apologies to arresting officers for giving them extra work.]
The Liberty Bell gained iconic importance when abolitionists in their efforts to put an end to slavery throughout America adopted it as a symbol.
As the Bell was created to commemorate the golden anniversary of Penn's Charter, the quotation "Proclaim Liberty throughout all the land unto all the inhabitants thereof," from Leviticus 25:10, was particularly apt. For the line in the Bible immediately preceding "proclaim liberty" is, "And ye shall hallow the fiftieth year." What better way to pay homage to Penn and hallow the 50th year than with a bell proclaiming liberty? […]
[N.B. The line immediately following "proclaim liberty": "It shall be a jubile unto you; and ye shall return every man unto his possession, and ye shall return every man unto his family."
[Debt and condition of servitude come to an end every fifty years in the Law that God gave to His chosen Nation.]

Federal Ogre:
(N.B. The initial letter of the second word above is not prima facie evidence of racism. Some of my best friends are ogres.)
Terry Miller: America's Dwindling Economic Freedom | http://on.wsj.com/1cjcaXz
World economic freedom has reached record levels, according to the 2014 Index of Economic Freedom, released Tuesday by the Heritage Foundation and The Wall Street Journal. But after seven straight years of decline, the U.S. has dropped out of the top 10 most economically free countries.
For 20 years, the index has measured a nation's commitment to free enterprise on a scale of 0 to 100 by evaluating 10 categories, including fiscal soundness, government size and property rights. These commitments have powerful effects: Countries achieving higher levels of economic freedom consistently and measurably outperform others in economic growth, long-term prosperity and social progress. Botswana, for example, has made gains through low tax rates and political stability.
Those losing freedom, on the other hand, risk economic stagnation, high unemployment and deteriorating social conditions. For instance, heavy-handed government intervention in Brazil's economy continues to limit mobility and fuel a sense of injustice.
It's not hard to see why the U.S. is losing ground. Even marginal tax rates exceeding 43% cannot finance runaway government spending, which has caused the national debt to skyrocket. The Obama administration continues to shackle entire sectors of the economy with regulation, including health care, finance and energy. The intervention impedes both personal freedom and national prosperity.
But as the U.S. economy languishes, many countries are leaping ahead, thanks to policies that enhance economic freedom—the same ones that made the U.S. economy the most powerful in the world. Governments in 114 countries have taken steps in the past year to increase the economic freedom of their citizens. Forty-three countries, from every part of the world, have now reached their highest economic freedom ranking in the index's history.
Hong Kong continues to dominate the list, followed by Singapore, Australia, Switzerland, New Zealand and Canada. These are the only countries to earn the index's "economically free" designation. Mauritius earned top honors among African countries and Chile excelled in Latin America. Despite the turmoil in the Middle East, several Gulf states, led by Bahrain, earned designation as "mostly free."
A realignment is under way in Europe, according to the index's findings. Eighteen European nations, including Germany, Sweden, Georgia and Poland, have reached new highs in economic freedom. By contrast, five others—Greece, Italy, France, Cyprus and the United Kingdom—registered scores lower than they received when the index started two decades ago.
The most improved players are in Eastern Europe, including Estonia, Lithuania and the Czech Republic. These countries have gained the most economic freedom over the past two decades. And it's no surprise: Those who have lived under communism have no trouble recognizing the benefits of a free-market system. But countries that have experimented with milder forms of socialism, such as Sweden, Denmark and Canada, also have made impressive moves toward greater economic freedom, with gains near 10 points or higher on the index scale. Sweden, for instance, is now ranked 20th out of 178 countries, up from 34th out of 140 countries in 1996.
The U.S. and the U.K, historically champions of free enterprise, have suffered the most pronounced declines. Both countries now fall in the "mostly free" category. Some of the worst performers are in Latin America, particularly Venezuela, Argentina, Ecuador and Bolivia. All are governed by crony-populist regimes pushing policies that have made property rights less secure, spending unsustainable and inflation evermore threatening.
Despite financial crises and recessions, the global economy has expanded by nearly 70% in 20 years, to $54 trillion in 2012 from $32 trillion in 1993. Hundreds of millions of people have left grinding poverty behind as their economies have become freer. But it is an appalling, avoidable human tragedy how many of the world's peoples remain unfree—and poor.
The record of increasing economic freedom elsewhere makes it inexcusable that a country like the U.S. continues to pursue policies antithetical to its own growth, while wielding its influence to encourage other countries to chart the same disastrous course. The 2014 Index of Economic Freedom documents a world-wide race to enhance economic opportunity through greater freedom—and this year's index demonstrates that the U.S. needs a drastic change in direction.
Mr. Miller is the director of the Center for International Trade and Economics at the Heritage Foundation.

I2C 140115a Lev 25v10 Economic Freedom / I2C / 140115 1030 / Lev 25:10 Economic Freedom / Liberty Bell vs Federal Ogre