by Jack Lee
The more we head into recession and the worse the housing/banking implosion gets the more determined government is to try and solve everything before we suffer too much pain. And the more that happens the more I am inclined to to agree with the purists in capitalism about keeping government out of the equasion.
Here are some of the comments I am hearing from friends who truly believe government serves a very limited purpose in our lives. They say, let government stay out of private business. Let the chips fall where they may and let it be done and over. Let the bad times teach lessons in honesty and integrity to corporate America. Trust in a free market system to handle it’s own checks and balances. Let people who earn their own money spend their own money, on what they want! It’s not government’s job to shift the wealth. Taxes impede growth, no taxes or low taxes encourage growth and prosperity.
And here’s my favorite line: The government that governs least is the government that governs best.
Who are the “they” that say this radical stuff, that just want government to leave them alone and stay out of our way? Libertarians.
UPDATE: When you read the above it’s important to remember government forced banks to make low income loans to marginally qualfied people in high risk areas. That set the stage (in part) for the weak loans that followed over the last 10 years and culminated in the mortgage meltdown.