Sand in the gears
"It is no secret that those in government seek power — including the
power to tax and regulate. But it takes some time to figure out how to
regulate new industries. Old industries, such as energy production,
transportation and education, are heavily regulated. Accordingly, the
people do not get the benefits of lower costs and better products in
these industries that would be possible if the regulators were not
outlawing innovations. The United States and other governments are now
in the process of destroying the global financial industry through
misguided and destructive regulations. Few medical advances come from
countries that have nationalized medicine, and if Obamacare is allowed
to continue in the United States, it is almost a certainty that medical
progress will be stifled and millions will die unnecessarily early."
Economist Richard Rahn on the size of government and its inverse relationship with economic progress.
Thanks, David.
Economist Richard Rahn on the size of government and its inverse relationship with economic progress.
Thanks, David.
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