The answer is that government intervention is destructive. Taxation and regulation are the tools by which government disrupts the primary social function of humans exchanging their labour for mutual benefit.
Government is no substitute: its desire, consciously or unconsciously, is to control people’s lives for its own social objectives. This is the motivation behind the destruction of savings and their replacement by an accumulation of debt; and for the government itself, there are mounting future liabilities.
Reversing an accumulation of past interventions, which is necessary if a country’s fortunes are to be improved sufficiently to escape complete bankruptcy, goes counter to every reason a modern politician enters his trade.
domingo, julho 08, 2012
government intervention is destructive
A call to arms for central banks: