Congressional Medal of Honor approved and soon to be awarded for three amazing heroes

Because freedom is watered by the blood of those willing to defend it, the following article is cross-posted from Outrun Change.

Congress has waived the time limit to award the Medal of Honor for another three heroes. The President will soon issue the Medals, each for amazing and tremendous service far above and way beyond the call of duty.

Here is my feeble tribute to these incredible men.

1st Lt. Alonzo H. Cushing

Lt Cushing, West Point class of 1961, stood his ground at the battle of Gettysburg. (more…)

Illustration of creative destruction: lots of Fortune 500 companies disappeared over the last 60 years

What sets apart each of these groups of companies?

Group A: American Motors, Brown Shoe, Studebaker, Collins Radio, Detroit Steel, Zenith Electronics, and National Sugar Refining.

Group B: Boeing, Campbell Soup, General Motors, Kellogg, Proctor and Gamble, Deere, IBM and Whirlpool.

Group C: Facebook, eBay, Home Depot, Microsoft, Office Depot and Target.

Mark Perry, writing at Carpe Diem, explains: Fortune 500 firms in 1955 vs. 2014; 89% are gone, and we’re all better off because of that dynamic ‘creative destruction’.

(This article is cross-posted from my other blog, Outrun Change. You will see why momentarily.)

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Astounding progress everywhere in everything over last 50 years – No better time to be alive than today.

As a break from the dreary news headlines, consider the progress made over the last 50 years in a variety of areas.

This article is cross-posted from my other blog, Outrun Change. Can you see the connection of the following items to economic freedom and political freedom?

Matt Ridley offers a lot of Reasons to be cheerful.

Here is an overview:

Compared with any time in the past half century, the world as a whole is today wealthier, healthier, happier, cleverer, cleaner, kinder, freer, safer, more peaceful and more equal.

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Choosing between liberty and equality? How about both?

There is a long-running debate between those who choose equality as the foundation for all policies and decisions on one hand, and those who choose liberty as the foundation on the other hand. The underlying goal of both options is to help others and make life better for all.

The Wall Street Journal addresses these differing approaches in Free People, Free Markets: (more…)

“You have enemies? Good. That means you’ve stood up for something, sometime in your life.”

That comment is from Winston Churchill. I touched on it a year ago – On having enemies.

While looking for a somewhat related story, I looked again at a discussion by Philosiblog on the Churchill quote.

(Cross-posted from my other blog, Outrun Change.)

His article expands on the idea that if you take a principled stand for something, there is a chance you will cause severe offense and perhaps create an enemy.

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Protectionism – Can someone explain to me how that can be moral ?

Protectionism is the idea that the government can protect me from foreign companies that want to sell me something at a lower price that the government thinks is fair. As a result, I pay more than I would otherwise.

Professor Don Boudreaux published a letter to Wall Street Journal editor explaining why protectionism is immoral. Here’s his letter, quoted in full since it is an open letter to the editor,with the key paragraph expanded into bullet points: (more…)

Pondering the 4th of July makes me wish everyone on the planet enjoyed economic, religious, and political freedom

Been pondering today how thrilled I am to have:

  • the political freedom to write five blogs,
  • the economic freedom to run my own company the way I wish and see as much success as my effort, skills, & drive can create independent of the income level of my father when I was born or where his parents came from, and
  • the religious freedom to worship as I see the bible suggests worship should be conducted, in a church where the preacher preaches the word as we in my fellowship believe it ought to be preached, and I can teach the bible as we believe it is meant to be taught.

(cross posted from my other blog, Outrun Change.)

That freedom is a rarity on the earth today and unheard of for all of history until around, oh, say 300 years ago.

Oh how I wish that everyone on the planet could be blessed with that economic, political, and religious freedom.

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