- The Washington Times - Friday, July 25, 2008

ANALYSIS/OPINION:

John Coughlan’s article “Fiscal follies” (Commentary, Thursday) castigates the Fed and its monetary policy. No doubt the wise guys have contributed to the financial head winds we are experiencing, but they require willing fools to be successful, and we, the people, have been more than accommodating. We have abrogated reason, prudence, and humility in the pursuit of consumption for its own sake.

Perhaps the most insidious trend of the 20th century was the broad-based movement to reduce people to mere consumers, an anonymous organism that buys, sells and produces, and whose value is strictly related to consumption and production. How can we hope to correct the abuses we are witnessing with such a disordered understanding of people as unique beings with inherent dignity, freedom, rights, and responsibilities; not ants in a hill that can be compelled to behave in the manner that corporate and government bureaucracies desire?

We are subjected to constant messages to acquire, consume, and be stimulated, but there is a maddening void when it comes to reasoning, thinking, practicing the virtues and discriminating between what one can do and what one ought to do.

Attempting to fix our problems with monetary policy and legislation without understanding and addressing this metaphysical cause generates a lot of heat but very little light.

THOMAS M. DORAN

Plymouth, Mich.

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