Sunday, September 4, 2011

TOO MUCH GOVERNMENT: Gary Becker: The Great Recession and Government Failure - WSJ.com

Gary Becker: The Great Recession and Government Failure - WSJ.com

Government does reflect the people and people, like little kids, prefer the parent that gives them candy rather than the one that says eat some vegetables and don't rot your teeth.

And, while almost all of us tend to prefer buying things when they are on sale (i.e. at lower prices), when it comes to how we expect 'others' (i.e. those who pay taxes, run businesses, make investments, etc.) to behave for the benefit of society at large, we expect them to relish and disregard burdensome regulations, union labor, high taxes, etc. (just what Becker refers to as government impediments to efficiency and growth).

So, we can clearly blame government actions (i.e. Obama administration liberal policies) for the state of the economy. As is being broadly said, "he has made things worse".

His policies have made things worse and he continues to support those policies with his new appointment to the Council of Economic Advisers - a man who has argued against any impact on job creation of increases to the minimum wage.

If you think government isn't at fault for the non-growth and non-recovery of the economy, I'd suggest a bit more reading and logical thinking with open eyes. Put yourself in the position of a business person faced with what the government has been dishing out.

California is a perfect example of what business people think of too much government - they are and have been leaving the state and many have moved to Texas.

If you think government isn't a problem, just look at Greece.

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