Is cutting spending like repeating Herbert Hoover's errors? No, and saying it again and again doesn't make it true. The big-spending Hoover did more to intervene in the peacetime economy than any prior president. Indeed, he set in motion all of the things that FDR later did in the New Deal.
Dishwashers, ice makers, and drain uncloggers are all under attack. Puritans and paranoids are working with bureaucrats to unravel all the gains that markets have made for civilization. They are driving us back to the compost pile.
The case of Seuss enthusiast Charles Cohen beautifully illustrates the harmony between personal profit and service to others in the voluntary market economy. For good or ill, entrepreneurs will provide what the customers want — whether it's one fish, two fish, red fish, or blue fish.
Often the dispersion of a fortune starts already in the lifetime of the businessman when his buoyancy, energy, and resourcefulness become weakened,
A job seeker may not have the skill set that is worth $7/hour minimum wage. The minimum wage law keeps that individual from being employed.
Compulsory labor permeates our legal and judicial structure: we are forced to play along with all they demand.
These programs have caused a massive diversion of savings into government consumption, not only by diverting taxes into current government spending, but also by undermining one of the most important motivations for private saving and investment.
