Upholding the Rule of Law in Season and out of Season

Library of Law and Liberty ^ | April 20, 2012 | Todd Zywicki

[Lonesome in Massachussets]

One common assertion arising from the onset and resolution of the 2008 financial crisis is the belief that it proves the purported need and propriety of the government acting in a swift and discretionary manner and not have its hands tied by the constraints of the rule of law. Yet a close examination of the most recent crisis as well as those of the past reveals the exact opposite truth: adherence to the rule of law is actually more important during periods of economic crisis, both to restore short-term economic prosperity during the crisis as well as for the long-term systemic impact.

[Lonesome in Massachussets]

I thought this was a valuable summary of an important issue. The three most important things for prosperity are:

1.) The rule of law
2.) Respect for private property
3.) Limited Government

Obamism runs roughshod over all three.