Ronald Reagan delivers his radio commentary

When I lived in Egypt one of the Egyptian drivers for diplomats at the American Embassy in Cairo explained how people had to wait five to seven years for a phone. He proudly stated he was on the list, but poked fun at the long wait for service. Of course, he also added that you might be able to speed the process up by a few months with bribes, or as it is more affectionately knows as in Egypt, “baksheesh.”

Ronald Reagan loved to tell jokes about the former Soviet Union, especially about the stark differences between the United States and Soviet economic systems. It was a tactic he often used to take the hard edge off his criticism of the Soviets, while still drawing sharp contrasts between the competing systems. It also deftly showed his solidarity or sympathy with the Russian people.

Often to the horror of some of his top foreign policy advisers, he loved delivering the jokes directly to Mikhail Gorbachev at summit meetings. Gorbachev would politely smile or sometimes counter by adding that the joke was just a caricature of the Soviet system. But Reagan had carefully collected many of the jokes from former citizens of the Soviet Union, diplomatic officials, and some of them were passed to him by the CIA. Many of them were real jokes that had circulated inside the Soviet Union.

Many of Reagan’s jokes were a critique of the insufficiency of the Soviet system.

A Russian man goes to the official agency, puts down his money and is told that he can obtain delivery of his automobile in exactly 10 years. “Morning or afternoon,” the purchaser asks. “Ten years from now, what difference does it make?” replies the clerk. “Well,” says the car-buyer, “the plumber’s coming in the morning.”

Another joke Reagan liked to deliver summed up his thoughts well. Two Russians are walking down the street, and one says, “Comrade, have we reached the highest state of communism?” “Oh, no,” the other replies. “I think things are going to get a lot worse.” Read more on Ronald Reagan on Free Enterprise…

“Root of all evil” or liberator of mankind? Samuel Gregg examines the role that money plays in a free economy, particularly the way it “allows people to engage in the greater specialization of economic production which produces growth.”

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The Acton Institute won first place in the Free Market Solutions to Poverty category in the 2007 Templeton Freedom Awards competition. The award, managed by the Atlas Economic Research Foundation, recognized Acton for its use of the “power of the popular media to challenge common beliefs about how to alleviate poverty.”

Read more on Acton Wins Third Templeton Freedom Award…

Pick up the new monograph, Judaism, Markets, and Capitalism: Separating Myth from Reality, from the all-new Acton Bookshoppe today!

How does one account for the widespread distaste among Jews for a free market political agenda? Why is it that Jews, who earn per capita almost twice as much as non-Jews in America, “fervently support relatively collectivist social policies”? Corinne and Robert Sauer, co-founders of the Jerusalem Institute for Market Studies, contend that “it is not at all true that Judaism is a set of principles that endorses income redistribution and other progressive social programs.” Instead, they say, Judaism is a system of thought that more naturally aligns itself with the basic principles of economic liberalism.

Read more on Jewish Theology and Economic Theory…