Tuesday, October 13, 2009

Charles Krauthammer: "Decline is a Choice"

I would like to thank the blog "Bride of Rove" for suggesting the read of Charles Krauthammer's speech. Following are some excerpts I chose to share. Please follow the link to read Mr. Krauthammer's thoughtful, although lengthy article and well worth the time. It certainly put many ideas and Liberal actions into prospective for me.

Charles Krauthammer is a syndicated columnist and contributing editor to THE WEEKLY STANDARD. This essay is adapted from his 2009 Wriston Lecture delivered for the Manhattan Institute for Policy Research in New York on October 5.

"Decline Is a Choice - The New Liberalism and the end of American ascendancy." by Charles Krauthammer 10/19/2009, Volume 015, Issue 05

"The effect on the dollar is already being felt and could ultimately lead to a catastrophic collapse and/or hyperinflation. Having control of the world's reserve currency is an irreplaceable national asset. Yet with every new and growing estimate of the explosion of the national debt, there are more voices calling for replacement of the dollar as the world currency--not just adversaries like Russia and China, Iran and Venezuela, which one would expect, but just last month the head of the World Bank."

"There is no free lunch. Social democracy and its attendant goods may be highly desirable, but they have their price--a price that will be exacted on the dollar, on our primacy in space, on missile defense, on energy security, and on our military capacities and future power projection."

You may link to the article here.

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