May 9, 2008 Rabbi Abraham J. Twerski: Reverence, Yes; Worship, No Mona Charen: Did Israel Drive Out the Arabs 60 Years Ago? JWisdom: Ultimate opportunities by Rabbi Sroy Levitansky May 8, 2008 Rabbi Nathan Lopes Cardozo: Israel at 3,500+ Jonathan Tobin: Still Fighting the Same War Steven Plaut: How ‘nakba’ proves the fiction of a Palestinian Nation JWisdom: Taking Israel for Granted? by Rabbi Mordechai Becher May 7, 2008 Rabbi Hillel Goldberg: Israel is irrelevant to the Israeli-Palestinian conflict Dion Nissenbaum: Latest Olmert scandal could derail efforts to force Israel's compromises JWisdom: My Inner Ventriloquist by Sara Yoheved Rigler May 6, 2008 Caroline B. Glick: Anti-Zionism at 60 The Kosher Gourmet By Ethel G. Hofman: In honor of Israel's 60th anniversary, the former president of the International Association of Culinary Professionals, whose members included the likes of Julia Child, is back with a smorgasbord featuring the taste and essence of the Jewish homeland JWisdom: Holocaust in the Perspective of Faith by Rabbi Nosson Scherman: Jewish Deer in Nazi Headlights May 5, 2008 The Jewish Ethicist by Rabbi Dr. Asher Meir: Busy work Jonathan Mark: Remarkable half-century old Mike Wallace interview with Abba Eban puts current anti-Israel sentiment into perspective May 2, 2008 Rabbi Berel Wein: Rote religiosity Caroline B. Glick: Whitewashing Hamas JWisdom: Parent trap? May 1, 2008 David Zwiebel: Faith communities can learn from Orthodox Jews in stimulating private philanthropy for religious education George Friedman and Peter Zeihan of Stratfor: The Shift Toward an Israeli-Syrian Agreement JWisdom: It's time to wake up by Rebbetzin Esther Jungreis April 30, 2008 Jonathan Tobin: Pennsylvania's Democratic slugfest may leave some Jewish votes up for grabs The Kosher Gourmet by Linda Gassenheimer: Fresh herbs, sauteed veal and tiny creamer potatoes makes a light spring dinner JWisdom: How to Build a Mentch by Rabbi Mordechai Becher April 29, 2008 Daniel Pipes: Barack Obama's Muslim Childhood Joel Brinkley: On human rights, the U.N. once again strikes out JWisdom: Holocaust in the Perspective of Faith by Rabbi Nosson Scherman: When The Truth is Unbelievable April 28, 2008 The Jewish Ethicist by Rabbi Dr. Asher Meir: Q: I'm often stuck in the doctor's waiting room for hours! Doesn't he owe me something for my wasted time? Steven Emerson: New U.S. government policy advises agencies to avoid using some of the very same words that make up terror groups' names JWisdom: Why You & I Never Die: A Jewish View of Immortality, Part I by Rabbi David Aaron April 25, 2008 Rabbi Mitchell Wohlberg: Schadenfreude isn't kosher for Passover --- or at any other time Rabbi Berel Wein: The secret of how the data bank of memory is transferred from one generation to the next JWisdom: Stepping Up to A Higher Spiritual Life by Rabbi Lawrence Kelemen, Part III April 24, 2008 Rabbi Nathan Lopes Cardozo: The successful failure Fred Burton and Scott Stewart of Stratfor: Placing the terrorist threat to the food supply in perspective JWisdom: Stepping Up to A Higher Spiritual Life by Rabbi Lawrence Kelemen, Part II April 23, 2008 Connie Ogle: An intricate game of a novel Jonathan Tobin: Making Sense of the 'J Street' Jive JWisdom: Stepping Up to A Higher Spiritual Life by Rabbi Lawrence Kelemen April 22, 2008 Jonathan Rosenblum: Why Israel's 'Leaven law' matters Caroline B. Glick: Obama the Savior April 18, 2008 Rabbi Harvey Belovski: Multimedia tool of antiquity Caroline B. Glick: Revealed Truths vs. revealed lies JWisdom: More than miracles by Rabbi Sroy Levitansky April 17, 2008 Rabbi Avi Shafran: Deconstructing Dayeinu Rabbi Elazar Meisels: Is innovation at the Seder a slap at tradition? JWisdom: Discovering Your Divine Mission, Part III by Rabbi David Aaron April 16, 2008 Jonathan Tobin: A Prayer for Sderot's Children Ethel G. Hofman: Sumptuous Seder JWisdom: The Divine is in the details by Rabbi Mordechai Becher April 15, 2008 Rabbi Dovid Zauderer: Let Charlton Heston Go! Frank J. Gaffney, Jr.: Jimma, tyranny's enabler JWisdom: Relationships: Beyond Mars & Venus, Part IV by Dr. Lisa Aiken April 14, 2008 The Jewish Ethicist by Rabbi Dr. Asher Meir: The Snitching Supervisor Jonathan Tobin: Forget the Fun and Games! JWisdom: Sincerity is Valued Most by Rabbi Abraham J. Twerski, M.D. April 11, 2008 Rabbi David Gutterman: A Mystery in the Middle East Caroline B. Glick: Why Ahmadinejad smiles JWisdom: Elevated illness by Rabbi Sroy Levitansky April 10, 2008 Stratfor Intelligence Briefing by George Friedman: A Mystery in the Middle East The Kosher Gourmet By Steve Petusevsky: The spring elegance of asparagus JWisdom: Holocaust in the Perspective of Faith by Rabbi Nosson Scherman: The Power of Rational Lies April 9, 2008 Michael Feldberg: An all but forgotten Colonial doctor who put his Jewish values before his life Jordan "Gorf" Gorfinkel's "Everything's Relative" gets philosophical JWisdom: Four Rabbis in Bnei Brak by Rabbi Mordechai Becher April 8, 2008 Caroline Glick: Covering for the enemy Elliot B. Gertel: 'House' goes Hasidic JWisdom: Relationships: Beyond Mars & Venus, Part III by Dr. Lisa Aiken April 7, 2008 The Jewish Ethicist by Rabbi Dr. Asher Meir: Q: I have a translating business. Recently someone asked me to translate some financial documents that are clearly forged. Should I agree? Jonathan Rosenblum : Israel is unwittingly helping to fuel the international campaign of delegitimization against it JWisdom: Matzah and leaven as a life philosophy by Rabbi Abraham J. Twerski, M.D. April 4, 2008 Rabbi Abraham J. Twerski: The Mystery of Suffering Caroline B. Glick: Fear of democracy JWisdom: Dirty Jews by Rabbi Sroy Levitansky April 3, 2008 Rabbi Y. Y. Rubinstein: Parents --- and the children who would be them The Kosher Gourmet by Kathy Manweiler: Tempted by restaurant dressings? Don't be. Here are recipes that can be made at home, healthier! JWisdom: The importance of retaining a 'slave mentality' by Rabbi Mordechai Becher April 2, 2008 Mitch Albom: Child abuse, disguised as faith Jonathan Tobin: Unreasonable Accommodations JWisdom: Holocaust in the Perspective of Faith with Rabbi Nosson Scherman: Eliminating Jewish Influence over Germans March 22, 2007 J-Rhythms with Avraham Rosenblum: JWR's cutting-edge music program showcasing performers -- singers, song writers, musicians, and bands -- who learn and live the Torah lifestyle (OUR NEWEST IGODCAST !) Oct. 29, 2003 Mortimer B. Zuckerman: Graffiti On History's Walls (MUST-READ!)

Jewish World Review Feb. 26, 2008 / 20 Adar I 5768 Impatience + Greed = Trouble By Paul Johnson http://www.JewishWorldReview.com | When markets enter a period of turbulence observers moralize about the frailties of human nature that are responsible for the upset. This ignores the fact that markets require corrections, even violent ones, from time to time. They themselves reflect human nature and must, over a period, hold the balance between optimism and pessimism. All the same, markets are determined by moral strengths and weaknesses, and it is useful to identify what those are at each major episode. The state of the present market is the consequence of undue impatience combined with excessive greed. Impatience led many thousands of ordinary people to seek to acquire properties of much higher value than their savings justified. They thus sought to borrow collectively immense sums that they could not hope to repay for many years — and, in some cases, ever. As a rule, this would not be a problem; banks and other loan agencies should simply have turned down such borrowers. The borrowers would then have had to contain their impatience until their savings accumulated to a level at which they could borrow prudently. Unfortunately, impatience coincided with excessive greed on the part of a number of bankers. Many of the world's top bankers lead highly competitive, high-spending lifestyles and are tempted to increase turnover — thus increasing their salaries and bonuses — through generous lending. The consequences of this behavior could be catastrophic. Is More Legislation Needed? Certainly not. All powerful human impulses are constructive as well as destructive. Impatience is an interesting case in point. The desire to get on, not slowly and patiently, but to get whatever it is one wants and have it now is a form of human eagerness that creates dynamism. If all people were models of patience, content with their lot and not eager for change, we'd still be living in primitive hunter-gatherer societies. Economic progress is created when vigorous impatience is combined with existing ways of doing things. All periods of rapid advance, such as the Renaissance and the Industrial Revolution, have been marked by impatience. Thomas Edison was a notoriously impatient man, as was James Watt, who greatly improved the Newcomen steam engine by adding a separate condenser. Some of the most useful inventions are symbols of furious impatience: The zipper grew out of an impatience with buttons; safety razors, with the old cutthroat razors. Without impatience bankers would just be static strongboxes for storing cash. There's nothing wrong with the vast majority of ordinary people being impatient to have better houses. Impatience becomes dangerous only when it parts company with reality. People who borrow money in amounts they cannot reasonably hope to repay in their lifetimes are dangerous to the whole principle of credit — and should be disciplined by the banks. This, of course, is where greed on the part of the bankers — encouraging excessive impatience — turns a dynamic force into a highly destructive one. Indeed, it's hard to think of a more dangerous combination than an overimpatient borrower and a too greedy lender. Notice I write of "too greedy." I risk censure by the absolute moralists by pointing out that greed, in an economic sense, is not necessarily or always evil and harmful. Economic growth is not possible without a certain amount — usually a great deal — of greed, any more than it's possible without impatience. Greed is merely a harsh word for what, in objective terms, we call the acquisitive instinct. This desire to amass quantities of money or goods lies at the heart of capitalism and, thus, at the heart of any expanding economy. Acquisition is beneficial so long as what is acquired is put to constructive use and not just hoarded. All energetic men and women are greedy to some extent. Expending their energies on systematic acquisition is one way of preventing the energy from going into more nefarious activities. As Samuel Johnson put it: "There are few ways in which a man can be more innocently employed than in getting [i.e., accumulating] money." Keynes put it another way: "It is better that a man should tyrannize over his bank balance than over his fellow-citizens." What's important is that the greed be combined with the desire to render a service or supply useful products to society. Capitalism is the most reliable source of modern progress precisely because when it functions at its best it combines the realism of acquisition (or greed) with the idealism of serving the public. So let's not despise impatience and greed. Some measure of both is necessary for the economic system to function well and for progress to advance. What we must beware of is unrestrained impatience and excessive greed — each fueling the other. At the center of any financial system there have to be powerful individuals and bodies that can detect these excesses and take action to control them. That's the job of those who run the reserve banks. They must be moralists as well as financiers — able to smell the sin of intemperance, to come down hard on it and in time. Every weekday JewishWorldReview.com publishes what many in the media and Washington consider "must-reading". Sign up for the daily JWR update. It's free. Just click here. BUY THE BOOK Click HERE to purchase it at a discount. (Sales help fund JWR.). Eminent British historian and author Paul Johnson's latest book is "American Presidents Eminent Lives Boxed Set: George Washington, Thomas Jefferson, Ulysses S. Grant". Comment by clicking here. Previously: 02/13/08: Shakespeare, Neo-Platonism and Princess Diana 02/07/08: Where Industry Has Failed Us 12/19/07: People who put their trust in human power delude themselves 12/12/07: What is aggression? 12/04/07: Pursuing success is not enough 11/07/07: Are famous writers accident-prone? 10/31/07: Courage needed to disarm Iran 09/20/07: Who Will Say ‘I Promise to Lay Off’? 07/24/07: Greed is safer than power-seeking 04/02/07: Benefactors must be hardheaded 03/07/07: American idealism and realpolitik 11/28/06: Space: Our ticket to survival 10/24/06: Envy is bad economics 10/11/06: Better to Borrow or Lend? Rethinking conventional wisdom 08/22/06: Don't practice legal terrorism 08/08/06: A summer rhapsody for a pedal-bike 08/03/06: Why is there no workable philosophy of music? 07/11/06: Historically speaking, energy crisis is America's opportunity 07/06/06: The misleading dimensions of persons and lives 06/06/06: First editions are not gold 05/23/06: A downright ugly man need never despair of attracting women, even pretty ones 04/25/06: Was Washington right about political parties? 04/12/06: Let's Have More Babies! 04/05/06: For the love of trains 03/29/06: Lincoln and the Compensation Culture 03/22/06: Bottle-beauties and the globalised blond beast 03/15/06: Europe's utopian hangover 03/08/06: Kindly write on only one side of the paper 02/28/06: Creators versus critics 02/21/06: The Rhino Principle © 2006, Paul Johnson

Mitch Albom  Michael Barone   Dave Barry  Tony Blankley  Andy Borowitz  David Broder  Stratfor Briefing  Mona Charen  Linda Chavez  Ann Coulter  Greg Crosby  Rod Dreher  Larry Elder  Suzanne Fields  John Fund  Frank J. Gaffney  Lloyd Garver  Jonah Goldberg  Michael Goodwin  Julia Gorin  Jonathan Gurwitz  Paul Greenberg  Victor Davis Hanson  Betsy Hart  Nat Hentoff  David Horowitz  Jeff Jacoby  Paul Johnson  Jack Kelly  James Klurfeld  Ed Koch  Ch. Krauthammer  Jonathan Last  Michael Ledeen  John Leo  David Limbaugh  Kathryn Lopez  Rich Lowry  Michelle Malkin  Jackie Mason  The Medicine Men  Dick Morris  Bill O'Reilly  Clarence Page  Kathleen Parker  Dennis Prager  Wesley Pruden  Tom Purcell  Jonathan Rauch  Celia Rivenbark  Robert Robb  Cokie & Steve Roberts  Pat Sajak  Debra J. Saunders  Culture Shlock  Roger Simon  Michael Smerconish  Thomas Sowell  Mark Steyn  John Stossel  Cal Thomas  Jonathan Tobin  Bob Tyrrell  Diana West  Dave Weinbaum  George Will  Walter Williams  Mort Zuckerman  Robert Arial  Chuck Asay  Chip Bok  Dry Bones   Lisa Benson  John Branch  Gary Brookins  John Cole  Paul Combs  J. D. Crowe  John Deering  Brian Duffy  Everything's Relative  Mallard Fillmore  Jake Fuller  Bob Gorrel  Joe Heller  David Hitch  Jerry Holber  Steve Kelley  Jeff Koterba  Dick Locher  Chan Lowe  Ranan R. Lurie  Jimmy Margulies  Rick McKee  Michael Ramirez  Jeff Stahler  Danna Summers  John Trever  Gary Varvel  Kirk Walters  How 2  Know-It-All  Lori Borgman  The Savvy Consumer  Elder matters  Fixit  Dr. Peter Gott  Marybeth Hicks  GET A JOB! by Marty Nemko  Richard Lederer  Tech Maven  Nutrition Myths  Supermarket Shopper  Bruce Williams  How Stuff Works