danmcl

How Washington's Policymakers Are Damaging the U.S. Economy

The attemp at maximizing GDP or household net wealth or any other macro goal is the problem with the economy. It is a central planners utopian dream. The job of the government or economic meddlers is not to maximize anything. It is only to maintain a system of rights where every individual can pursue his or her own goals.

Economic tinkering, even with the best of intentions always makes for negative inintended consequenses that hurt the ordinary people while helping limited special interests. You cannot abuse the economic laws and get away with it, even if you have 10 PhDs in economics. We keep proving it over and over.

The lesson is to get the government out of the economy and quit spending our money to buy votes.