Tuesday, February 18, 2020

The Drain

In Liberty and Tyranny, Page 103, Mark Levin reminds us that government is a drain on the economy, not a creator of value and wealth: "The government does not add value to the economy. It removes value from the economy by imposing taxes on one citizen and providing cash to another. Or it borrows money that would otherwise be used by investors and redistributes it elsewhere. Or it prints more money and threatens the value of the dollar. Nothing is stimulated. Spending power is not increased. Moreover, politicians and bureaucrats are substituting their uninformed, largely political decisions for those of the marketplace. Their past miscalculations demonstrate that they do not  and cannot possess information, knowledge, means and discipline to manage the economy."

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