John Ransom
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The choice that we face today is between freedoms on the one hand, and ruin on the other.

There has never been a generation in our history that has been given more than the generation which was born between 1945 and 1960.

They were given so much by their hard and hardy parents, who by fighting through a real economic depression and a great world war, helped bolster freedom for the free and bequeathed freedom to millions of others who lived in the twilight of tyranny.    

I call these sons and daughters of what we know as the Greatest Generation, the Entitlement Generation, these people born between 1945 and 1960.

Many of them literally do not know where they are going or even why, they just know that whatever they have, they deserve it. Whether they built it or not.

And unfortunately they are the ruling class today. They are squandering our birthright.

In the 1960s they told us all we had to do was tune in, turn on and drop out, do drugs and love each other and in foisting this false religion on others they decimated an entire generation.

In the 1980s they discovered Wall Street and gave us junk bonds, worthless paper backed by no credit whatsoever.  It was a kind of a dress rehearsal for what they did to the housing market in the last twenty years.

In the 1990s they gave us “feelings” with Jerry Springer, and Oprah and a president whose only restraint against the expression of his feeling was the clasp of the zipper on his pants. And several, great, big credit-enabled asset bubbles.     



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This is the Entitlement Generation that now governs us.

And the choice they have given us is between freedom on the one hand and ruin on the other.

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John Ransom

John Ransom is the Finance Editor for Townhall Finance.
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