March 7, 2010
No event in sports history has received as much media attention as the recent revelations of marital infidelity by the golfer Tiger Woods. Ironically, this unprecedented coverage has had nothing to do with the game of Golf itself but rather has focused on the personal affairs of Tiger Woods and his family.
|Just as Tiger Woods has been reminded of his marriage covenants, it is now our responsibility to remind the Congress of their Constitutional covenant.|
The Tiger Woods ‘affair’ has included an initial bizarre incident outside the Woods home, a subsequent onslaught of women coming forward to claim their involvement with the golfer, a stint in a sex addiction center for rehabilitation, and most recently a public admission of guilt by Tiger Woods himself. What Tiger Woods revealed during his recent press conference was not only a public acknowledgement of his guilt and arrogance but also a resolve to reform his actions and to reaffirm his commitment to uphold his marital vows and restore honor to his marriage and family. He admitted that only a sustained demonstration of a change in behavior would be acceptable to his wife and family.
However, before full reconciliation and a restoration in trust can occur in his marriage he will have to do more than pay lip service to the value of his marriage, he will actually have to make the tough changes in his actions, which if maintained over time will pay long-term dividends.
During this whole process, no serious commentator has suggested that the best way for Tiger Woods to reclaim his marriage would be to not stop having affairs but rather to increase the number of affairs he has been having. This is not even a question that is asked because we all know that if Tiger Woods were to increase the number of affairs he was having that he would seal the fate of his marriage and make a mockery of his marital vows.
So what is the connection between Tiger Woods, the U.S. Congress, the Federal government and the Federal Reserve?
The members of Congress have made a solemn vow to serve their constituents by upholding the Constitution. In effect, they have entered a sort of marriage covenant with the public to only make laws that are consistent with the Constitution. Like Tiger Woods, whose commitment to his marriage will be defined by his ability to uphold his marital vows, so should the Congress be judged by their commitment to their ‘marriage vows,’ or in other words, the Constitution.
Unfortunately, the Congress has promoted not only a change in the Constitutional covenant but also attempted to delude the public into believing that the Constitution is not important or necessary in the first place. Can you imagine what the response would have been to Tiger Woods’ affairs if he had responded by saying that the marriage covenant was ‘old-fashioned’ and meaningless, and that his wife should be happy to support him in continued infidelities? Yet, such has been the arrogance and expectation by the U.S. Congress of the American public. They continue to act as though they can disregard the Constitution and do whatever they see fit. To add insult to injury, they expect the public to be happy to accept their ‘benevolent’ actions while they tear the Constitution into pieces.
How has failure to heed the Constitutional covenant lead to the current economic crisis?
The Congress and unconstitutional Federal Reserve have taken actions over the past century, and especially the last two decades, to cause our current economic situation.
They claim that our economic problems are due to a lack of government stimulus and capitalism gone awry. Unfortunately, the reality is that a proper understanding of economics and the Constitution point to government and the Federal Reserve as the culprits. In the first place, Congress disregarded their Constitutional covenant by permitting the formation of the Federal Reserve, which has overseen and fostered the great depression, the economic doldrums of the 1970s, and our current economic problems. Over the last two decades, a policy of artificially low interest rates, easy money, and inflationary monetary policy has created a giant bubble of irrational over-exuberance in the stock and housing markets. If it was not for the Federal Reserve and government interference in the market place, this bubble and resultant recession would never have occurred.
Yet, what has been the response of Congress and the Federal Reserve to the crisis? They have responded by pouring kerosene on the fire of their own ineptitude. In effect, they are saying to the American public that even though they have been caught disregarding sound economics and the Constitution by having multiple figurative ‘affairs,’ that they should now be permitted to have even more affairs in order to fix the problem. They are pouring unprecedented inflationary stimulus, artificially lowering the interest rates to effectively zero, and giving money to ‘critical’ zombie banks and businesses. In reality the proper course of action would be to permit liquidation of insolvent businesses and to let the market place make the necessary self-corrections.
An admission of guilt by Congress and a resultant free market correction would be difficult in the short term. However, just like Tiger Woods making some acutely tough changes will pay off in the long term, so will our country return much quicker to prosperity if we take the pain now. Instead, we seem destined to permit Congress to spin an even greater web of lies, false hopes, and false dreams that will make the eventual fall even more difficult, prolonged, and painful.
According to the eminent Austrian theorist Murray Rothbard:
If government wishes to see a depression ended as quickly as possible, and the economy returned to normal prosperity, what course should it adopt? The first and clearest injunction is: don’t interfere with the market’s adjustment process. The more the government intervenes to delay the market’s adjustment, the longer and more grueling the depression will be, and the more difficult will be the road to complete recovery. Government hampering aggravates and perpetuates the depression. Yet, government depression policy has always (and would have even more today) aggravated the very evils it has loudly tried to cure. If, in fact, we list logically the various ways that government could hamper market adjustment, we will find that we have precisely listed the favorite “anti-depression” arsenal of government policy.
Just as Tiger Woods has been reminded of his marriage covenants, it is now our responsibility to remind the Congress of their Constitutional covenant. If they fail to heed our call and to make the necessary changes to uphold their end of the covenant then we should turn them out of Congress and replace them with people who will be faithful stewards of the Constitution.
Adam Murdock, M.D. is founder of The Freemen Institute, http://www.freemeninstitute.com
This article was posted: Sunday, March 7, 2010 at 6:59 am