We all should long for the days of
Unfortunately, our Congress today is acting a great deal in sponsoring cronyism. That means that there is a large amount of collusion among businesses and special interests, on the one hand, and government, on the other. The resultant government favors, payoffs and bailouts are enriching those who are well-connected, but are literally making the rest of us impoverished.
Make no mistake about it, cronyism is not capitalism!
As the Mercatus Center at
And the contrary, as expressed by economist
So with the coming elections, it is time to focus our attention upon candidates who would reduce the intervention by the government in the marketplace, and to require all companies either successfully compete on a level playing field or go out of business. Governments simply should not be subsidizing businesses or bailing them out.
That means among other things that the federal government should not arbitrarily choose to subsidize ethanol made from corn instead of using other plants like sugar cane, switchgrass or hemp. Most scientists feel that many other plants are much more effective to use than corn, so why not let the market decide this issue instead of the government?
It also means that if a high-speed train is to be built, it should be built with an eye toward making a profit, which will occur if the costs are reasonable, and if riders will use it. And who is in a better position to make those estimates, private investors or the government? The same thing is true with regard to health care, education and programs like Fanny Mae and
Do you know any leaders today who are standing up for all of us on these issues? I do, and I hope you make a point to seek them out. They are saying that in order to get out of our economic doldrums we must go back to our strength, which is the free enterprise system, and also by tightening our belts, which means that government simply must start spending less than it takes in. For decades Washington has sanctimoniously made these demands to so-called third world countries as a condition of getting any further funding from organizations like the
How can this be done? The Mercatus Center has three suggestions: fundamental tax reform that returns fairness, which will, in turn, encourage economic growth; budgetary reforms that change our current rules that encourage ever-growing spending; and regulatory overhauls of counterproductive regulations that shackle American businesses. You can read more about these ideas at http://www.mercatus.org.
To these suggestions I add that we simply must pass a program of sunset laws. This would mean that each and every agency in government would be required to get an affirmative vote from Congress every five years, for example, in order to continue to receive funding. This "audit" would both allow every agency the opportunity to shine by focusing upon their achievements and productive plans for the future, or have their funding cut back for activities that are duplicative, ineffective or even counterproductive.
In fact there are probably several entire agencies that would probably fail to show that they are productive at all. Those should be abolished. What are some examples? The most obvious is the Bureau of Indian Affairs. Most Native Americans sincerely hate this agency because they feel that at this point they do not need the oversight and "protection" of the white man in governing their own affairs. And that is not even to discuss the fact that the BIA "lost" tens of millions of dollars that it was holding in trust for the Native Americans. Put yourself in their position, would you want the government managing your land, natural resources, education and lives?
As to other agencies, Texas Gov.
Recently I received an email that said 10 years ago the U.S. had