Preventing the Prostitution of Freedom

In America today, for every problem, a national “solution” is proposed, regardless of how individual or local the issues are. Whether we consider housing, education, energy, transportation, finance, labor markets, the automobile industry or the current attempted takeover of the health care and insurance industries, we are overwhelmed with ever more “federal government knows best” policies and programs centralized in Washington. And what it does not mandate, the federal government manipulates with its ability to massively redistribute income.

Where Is the US Economy Heading?

Economists are currently divided on the issue of how strong the US economic recovery is going to be. Some are of the view that as a result of the stimulus policies of the Fed and the Federal government, the recovery is going to be quite strong. Some others are more pessimistic given still-rising unemployment, which they believe will keep consumer spending subdued. In October the unemployment rate jumped to 10.2% from 9.8% in the previous month and 6.6% in October last year.

Most economists assess the so-called economy in terms of gross domestic product, or GDP.