Tuesday, November 12, 2013

The concept of control

Who knew that the government shutdown can actually fuel job growth! This second longest shutdown of the US government was about debt control. Specifically about how much debt should be allowed, incurred, necessary, sufficient. It was not about debt but about how much of debt control.

Congress unanimously accepted the debt and the debt control. They also attribute debt in itself as necessary but fought fiercely to define what is the right amount of debt and how much of control is necessary.

Ray Dalio has done an amazing job explaining how debt is important for the economy. He also makes a point of need of debt control very elegantly.

Moving over to an another subject where control is being the core point of contention - the second amendment - the right to bear the firearms.

Everyone seem to agree to the core need and suggestion of the 2nd amendment - the right to self defense.When it comes to the tools of self defense, the firearms, the change of time has demanded a re-evaluation of the usage and utility of firearms. The America has become more prosperous, civil and secured compared to 1791 when the 2nd amendment was enacted.

Just as debt is necessary for the economy, the guns are necessary for the self defense.

With the same context, as debt is not an absolute good or bad which requires a constant monitoring and control, guns are also not an absolute good or bad and does require constant monitoring and control.

Idea of control in either case, debt or guns, is to manage the evils of the respective tools to enable the intended utilities. I wish that as congress unanimously accepted the debt and the debt control it will also rise up to accept guns and the gun control.