Wednesday, February 15, 2006



"Once we grant that consistency with the Biblical doctrine of sin is a legitimate test of economics systems, it is relatively easy to see how well democratic capitalism [classical liberalism] scores in this regard. One of the more effective ways of mitigating the effects of human sin in society is dispersing and decentralizing power. The combination of a free market economy and limited constitutional government is the most effective means yet devised to impede the concentration of economic and political power in the hands of a small number of people. Every person's unltimate protection against coercion requires control over one's private spheres of life where he can be free. Private ownership of property is an important buffer against any exorbitant consolidation of power by government." -Nash

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