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THE STEEP PRICE OF SECURITY.(ISSUES & INSIGHTS)(EDITORIALS)

Investor's Business Daily

| July 03, 2001 | COPYRIGHT 2001 Investor's Business Daily, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

"They that can give up essential liberty to purchase a little temporary safety deserve neither liberty or safety." As we celebrate this nation's independence, we should reflect on the words of Benjamin Franklin.

Liberty now is too often passe. Sure, we're the greatest country on Earth. And we urge all nations to adopt our democratic, freedom-loving ways.

But do we think about liberty -- the freedom to pursue happiness -- at all? After all, the notion spurred the founding of our country and still underpins our lives today.

Sadly, we seem all too ready to accept what Franklin called "temporary safety." Today we call it security.

We depend on an alphabet soup of federal agencies to tell us what's safe or "correct." Does your car get the right mileage? Does your SUV tip over more easily? Are your kid's pajamas safe? Does your broker/mechanic/grocer/lawyer tell you the truth?

Sure, it's nice to know the answers to these questions. Indeed, it would be nice to have the answers to all of life's questions. But when it comes to liberty, we must ask: What price are we willing to pay?

Take the mileage question. In the "70s, in response to a gas crisis that it had created, the U.S. government required cars to get better gas mileage. Wanting to avoid huge fines, Detroit complied.

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