The problem with our economy is high taxes and regulations have made production in the US, non-competitive. Over the last 20 years we have gone into debt to maintain our quality of life and pay for the growth of government(welfare/warfare).
Now our national debt is too big to pay back and high taxes and governmental regulation is making it even harder to do business in America. Even worse, business and political insiders are manipulating the growth of the government's power for their profit.
For example, the Federal Reserve (a private entity owned by banks), colludes with the government to print money at will and in the process, invisibly steals purchasing power from you, via inflation. Additionally, powerful corporations such as Goldman Sachs, Monsanto and big pharmaceuticals have "captured" the government run agencies that are supposed to regulate them.
The growth of the government's power to intervene into the economy is the root cause of our current problems and the main impediment to re-balancing the economy. Thus, the most sustainable solution is to limit and reduce government's intervention in the economy.
Sincerely,
Tom Garrett
My world view is based on theoretical studies of economics and politics at UCLA, the real world experience of starting and running businesses and traveling the world.
Sunday, December 27, 2009
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