Excuse Me Professor GOVT 350 Midterm
#6 Greed - ANS-Greed has become a slippery term that cries out for some objective
meaning; it's used these days to describe lots of behaviors that somebody doesn't like
for other, sometimes hidden reasons
#6 Self Interest - ANS-Self-interest is both healthy and natural. How you put it into
action in your relationships with others is what keeps it healthy or gets it off track
#6 Lawmakers and Government - ANS-Lawmakers and Government are not immune to
greed and, if anything, they magnify it into harmful outcomes
#7 Explain socialized activty - ANS-Explaining how a socialized activity could actually
be done better by private, voluntary means in a free market is a little like telling a blind
man what it would be like to see. But that does not mean we give up and remain blind.
#7 Does the Free Market Ignore the Poor? - ANS-True, the free market ignores the poor
precisely as it does not recognize the wealthy- it is no respecter of persons
#7 what does the free market mean? - ANS-The Free Market Means willing exchange; it
is impersonal justice in the economic sphere and excludes coercion, plunder, theft,
protectionism, subsidies, special favors form those wielding power, and other anti-free
market methods by which goods and services change hands
#7 is the free market immoral? - ANS-Free markets open the way for people to act
morally but that doesn't mean they always will, nor should we assume that when armed
with power our behavior will suddenly become more moral
#11 Does giving back have negative connotations? - ANS-To give it "back" means it
wasn't yours in the first place, but the creation of wealth through private initiative and
voluntary exchange does not involve the expropriation of anyone's rightful property
#11 Why should we give? - ANS-When you give, you should do so because of the
personal satisfaction you derive from supporting worthy causes, not because you need
to salve a guilty conscience
#11 What's wrong with the phrase "I want to give back" - ANS-The innocent-sounding
phrase, "I want to give back" far too often implies guilt for having been successful or
productive
#6 Greed - ANS-Greed has become a slippery term that cries out for some objective
meaning; it's used these days to describe lots of behaviors that somebody doesn't like
for other, sometimes hidden reasons
#6 Self Interest - ANS-Self-interest is both healthy and natural. How you put it into
action in your relationships with others is what keeps it healthy or gets it off track
#6 Lawmakers and Government - ANS-Lawmakers and Government are not immune to
greed and, if anything, they magnify it into harmful outcomes
#7 Explain socialized activty - ANS-Explaining how a socialized activity could actually
be done better by private, voluntary means in a free market is a little like telling a blind
man what it would be like to see. But that does not mean we give up and remain blind.
#7 Does the Free Market Ignore the Poor? - ANS-True, the free market ignores the poor
precisely as it does not recognize the wealthy- it is no respecter of persons
#7 what does the free market mean? - ANS-The Free Market Means willing exchange; it
is impersonal justice in the economic sphere and excludes coercion, plunder, theft,
protectionism, subsidies, special favors form those wielding power, and other anti-free
market methods by which goods and services change hands
#7 is the free market immoral? - ANS-Free markets open the way for people to act
morally but that doesn't mean they always will, nor should we assume that when armed
with power our behavior will suddenly become more moral
#11 Does giving back have negative connotations? - ANS-To give it "back" means it
wasn't yours in the first place, but the creation of wealth through private initiative and
voluntary exchange does not involve the expropriation of anyone's rightful property
#11 Why should we give? - ANS-When you give, you should do so because of the
personal satisfaction you derive from supporting worthy causes, not because you need
to salve a guilty conscience
#11 What's wrong with the phrase "I want to give back" - ANS-The innocent-sounding
phrase, "I want to give back" far too often implies guilt for having been successful or
productive
