Simple Economic Explanations
28-Jul-08
There are many talking heads that are trying to figure out the exact cause of the current economic woes we all face. They all have highly complicated explanations, quite beyond the understanding of mere mortals. In a recent discussion with my brother, I laid out a very simple explanation for the causes of our economic woes. If you don’t agree with my assessment, please feel free to comment as to why.
The reason for our current economic woes is simple. Too much government. As simple as that. Too many people look to government for their support. If people knew they had no government subsidies waiting to bail them out of their stupid consumption habits, consumption would never have gotten out of control. And if people were educated on financial matters, instead of social studies, they would know how to avoid stupid consumer debt traps. Simple. Get the government out of the markets, really. Let people freely interact. The government’s only legitimate role should be to prevent criminals from stealing my life, liberty, and property so that I can continue to freely interact. Unfortunately it is the government now which is stealing the American dream of life, liberty, and property; an out-of-control beast that is devouring our liberties at an unprecedented rate.