Economic Security vs. Economic Opportunity

Prof. Don Boudreaux writes eloquently in a letter to the Baltimore Sun:

"Thomas Schaller writes that "Working people value ‘economic security’ over ‘economic opportunity’" ("Bush also earns low marks for economic policy," July 18).  If so, working people believe in a false choice, foolishly forgetting the source of the very things that they want to be secure in.  Almost everything that workers today fear losing – housing, automobiles, abundant food, scientifically sound health care, WiFi; you name it – is the result of economic opportunity.  This opportunity created these goods and services and ensures their continued abundance.  Kill economic opportunity in the quest to create more economic security and we’ll have neither."

We should not forget this lesson in North Carolina, either.