What is wrong with doing nothing?

Author: Rory B. Bellows

When has government intervention ever worked? The best, ad I use that term loosely, the statists can make for this one trillion dollar transfer of wealth program is that in a quasi-socialist economy further government control isneeded to keep things on the rails. This argument falls flat. Governmen controls begat more government controls. They create new problems which create more controls. In response to the great depression the federal government began subsidizing and encouraging homeownership. That brought you Fannie and Freddie Mae, the Community Reinvestment Act and ridiculously low interest rates. All of these measures were enacted by government in reaction to some supposed market distortion. We see where that got us.


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