Being held accountabile in the real world usually means making reparations for incompetence or malice. But this sort of accountability almost never applies to governments.
Throughout American history, politicians have incessantly awarded preferential policies (e.g., “corporate welfare”) to special interests that has allowed them to create monopolies dominating virtually every major market.
Government spending on higher education is higher in the US than in Switzerland, Germany, or France. But colleges remain expensive here because they focus more on non-educational perks and extras.
The data does not show that government taxes and regulation have been responsible for declines in smoking. At the same time, government approved cigarettes may be more dangerous than black market cigarettes.
Hoppe sees the fundamental difference between the worldviews of Left and Right: The Right accepts the reality of human differences but the Left does not.
It turns out that workforce participation drops off significantly once it becomes possible to live off a government pension instead. Thus, pension policies have placed an enormous burden on those who still have to work.
While government spending re-allocates and distorts resources, it is not necessarily inflationary. Inflation really just stems from money creation and fractional-reserve lending carryied out by central banks and private banks — thus creating money "out of thin air."
