James Dorn at the Cato Institute makes a great case for how and why our government is going in the wrong economic direction. Some of his points are as follows:
“Economic growth depends on institutions that reward saving and investment, that expand individuals’ choices, and that protect private property rights, allow free trade, and safeguard the value of money.
Policies that lead to higher taxes, more debt, socialized health care, costly regulations, protectionism, and unstable money undermine U.S. economic strength and frustrate the natural equilibrating function that characterizes a dynamic market system based on freely determined prices, the rule of law, and sound money”.
Well said. Dorn published his essay in Investor’s Business Daily. You can catch the whole article here.