Mr. B

Inflation Could Cure Our Economic Ills

Your recommendations are insane. Let's reflate and turn the US into a banana republic. You recommend concentrating more economic power with the government with your Keynesian philosophy.

The problem is that people like you believe the government should be involved in healthcare and even more involved in education. Government does not allocate capital efficiently. It mostly transfers wealth from those who create it to those who do not.

All people are endowed with inalienable rights from our Creator. The equality in that comment does not mean that equality of outcome should be pursued. That is the pursuit of the lowest common denominator. That is the result of socialism (where the elite still gets the best treatment).

Take education, which you site. We have massive bureaucracies on both the federal and state levels in a unionized monopoly. (Why does a monopoly need a union anyway?) We get an inferior product/service at high cost. In NJ, spending in the classroom would increase by more than $1 billion if 65% of each education dollar was spent in the classroom. The money is feeds worthless bureaucrats. Test scores in developed countries show this.

If we truly wanted to help kids, and especially kids from low income families, we would inject competition. Vouchers and charter/magnet schools would work.

Look at socialized medicine systems. Where do people under socialized medical systems go if they can afford it when they need care? The US.

The subprime debacle has government interference in free markets as its root cause. This would not have happened without the Community Reinvestment Act and the GSEs (Fannie and Freddie).

As Ozzy43 notes, the result will be the ultimate destruction of the USD and American capitalism.