All Commentary
Thursday, February 3, 2011

Lawrence W. Reed at The Christian Science Monitor

In a commentary published today by The Christian Science Monitor, FEE President Lawrence W. Reed shares his thoughts on what he believes is the underlying cause of our public debt.

[.]… the deficit that matters most is not denominated in dollars at all. Its currency is of the heart and mind. It’s a manifestation of the values with which we circumscribe our actions, our purposes, and our values. I speak of a deficit of character, which arguably is the root of all of our major economic and social troubles today.

Describing it as a very different kind of deficit, Mr. Reed focuses on the key ingredients of strong character: “honesty, humility, responsibility, self-discipline, courage, self-reliance, and long-term thinking” and how a free society is impossible without having these traits in widespread practice.

The full commentary in The Christian Science Monitor here.

More of Mr. Reed’s thoughts on liberty and moral character from his recent participation in the Idea Room here.

  • Tsvetelin Tsonevski the Director of Student Programs at The Independent Institute. He is formerly the director of academic affairs at FEE. He holds an LL.M. degree in Law and Economics from George Mason School of Law.