From time to time, we travel to Europe on vacation. We enjoy their way of life and their respect for their history. They have managed to create a modern economy while maintaining their local and national customs. In some sense, it harkens back to an earlier time – at least for me.
Unlike most European cultures, we Americans don’t have centuries of tradition. Perhaps that’s why our celebrations – such as the 4th of July – tend to be loud, boisterous and overwrought.
In the tug of war between the welfare state and free market capitalism, New York’s recently passed budget represents a setback for the free market. Wrapped around the promise of free college tuition for the middle class, the budget adds a new entitlement to an already overtaxed economy. Programs like free tuition, family leave and minimum wage increases all add to the cost of doing business in New York, a state that has relied on Wall Street employment to bolster job growth and tax revenue as the upstate economy flounders.
Among my favorite radio talk shows is Connections, hosted by Evan Dawson. I am an occasional caller to the show for reasons I can’t identify… hubris, celebrity worship, my 15 minutes of fame… I don’t know.