By Amos R. McMullian
History does not repeat itself. Human nature repeats itself. It is the nature of humans to stray from the straight and narrow — from sin, and back again; from peace to war and back again; from poverty to prosperity and back to poverty again. It is the nature of humans to forget this, and they need to be reminded. This cycle of human nature goes on in both the people and in their leaders. Sometimes the people are wrong. Sometimes the leadership is wrong. Sometimes both of them are wrong.
Bad public policy causes people to suffer. Our Founding Fathers understood human nature. They understood that incentives matter and they knew that government can destroy wealth…