0 votes

The Government's War on Recession by Lew Rockwell

Lew writes: "Government stands to win while the rest of us will lose. Even if it had the perfect cure for recession, government has no incentive to implement it. Its prescriptions for the ailing economy are no different from the rest of the public sector, which serves itself at everyone's expense. " Read it all please:

Trending on the Web

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Republicae's picture

Once again, Lew hits the

Once again, Lew hits the nail on the head!


"The Truth is not always comfortable, but it is always safe" - H. W. Johnstone


"We are not a nation, but a union, a confederacy of equal and sovereign States" John C. Calhoun

Excellent article

Liberal theory teaches that one truism of government is that whatever it does, the results end up making the problem not better but worse. I'm thinking of the war on drugs, the war on poverty, the war on illiteracy, and the war on terror. So it is with the war on recession.

One of the great lessons of liberal theory concerns the extraordinary capacity of free exchange to create wealth. Trading makes both parties better off. Saving makes resources available for investment. Investment creates jobs that yield more products for people to purchase.

I would like to recommend:

The Myth of Good Government:

There is nothing the state can do, which society needs done, that cannot be done far better by the market.