Markets Work: Why Don't We Trust People?

In this newsletter, I discuss how the economic and fiscal situations in the U.S. and Texas, and how the overreaction of governments create worse outcomes when markets work best to let people prosper.

Hello Friend,

I hope you’re well. There’s been a lot going on over the last week. Thank you for tuning in to another newsletter where my motto is: Free-market capitalism best lets people prosper! I cut through the noise so that my goal of finding ways to support more human flourishing can happen. Please subscribe here if you haven’t yet. Thanks!

  • Personal take: The family is doing well. We have the next ultrasound for our baby girl on August 23rd, so we’re continuing to pray for good news. My oldest son starts first grade tomorrow at a private Christian school where they will have in-person classes with voluntary mask-wearing, as it should be. Personal responsibility is a key part of living a fulfilled life whereby government should be limited to only preserve life, liberty, and the pursuit of happiness rather than control our actions because they don’t believe we know how to calculate risk to meet our unique needs. This is what economist Friedrich Hayek called the knowledge problem by a few politicians and intellectuals in government as they don’t have the information available to individuals in the marketplace, which ultimately those policy choices lead us down the road to serfdom (you should read his book titled this if you haven’t yet). I understand some of you may disagree with me on my takes on this matter, and that’s perfectly fine, please share your thoughts with me anytime! I do continue to pray for us and our country, and I hope you’ll keep us in your prayers.

Now for the latest on the economic & fiscal situations in Texas & D.C. & COVID.

TEXAS ECONOMIC AND FISCAL SITUATION

U.S. ECONOMIC AND FISCAL SITUATION

WHAT’S UP WITH COVID-19 IN TEXAS AND BEYOND

Closing Thoughts

I recently finished President Calvin Coolidge’s autobiography, which solidified him being one of my favorite presidents. We need more like him. This point is correct:

My prayers this week are focused on the following verse:

Thank you for reading this newsletter and sharing it with your network. I pray that we have more of God’s prosperity in our lives. Many blessings to you and yours, and have a prosperous week.

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Vance Ginn, Ph.D. | www.vanceginn.com | #LetPeopleProsper