When I became a Member of the Parliament of New Zealand, we were judged as the most socialistic of nations. We had been one of the richest of countries at #3 in per capita income, but by 1984 we were only #27. We had gone for 23 years relying on deficits, without balancing our budget. The government was taking 44 percent of the Gross Domestic Product, and, in 1984, our forecast deficit was 15 percent of the GDP…
Family
What George Bailey Understood About Housing and Families
In It’s a Wonderful Life, George Bailey’s great ambition is not wealth or status. It is something far more ordinary and far more powerful: the ability for working families to afford a home, put down roots, and build a future together. Bedford Falls thrives not because of grand social programs, but because ordinary people can buy modest homes...
December 17, 2025