Speaking Of Pro-Market

As we said recently, we are pro-market and the left is anti-market.  The Boston Globe has an example, Jeffrey D. Sachs:

Our current political travails can be traced to Reagan. In his jovial way, Reagan would quip, “The nine most terrifying words in the English language are, ‘I’m from the government and I’m here to help.’” With his sneering disrespect for government, Reagan ushered in nearly four decades of tax cuts, deregulation, and rising inequality that now threaten to devour our future. Trump, Ryan, and McConnell are the scheming and vacuous politicians at the end of a long process of decline.

It would be hard to be jovial and at the same time have a sneering disrespect for government.  He did make some progress on tax cuts and deregulation (Jimmy Carter helped on deregulation) but much has been undone since he left.  Here is a recent example of the undoing.  We’re not sure about Trump but certainly Ryan and McConnell have been complicit in the regulating and taxing of the USA.

What is the left worried about an economic irrelevancy like income inequality?  Perhaps they see it as a path to power?  Envy is a common disease.  We need to fight for economic freedom and remind folks that absolute economic success is what we should pursue.  Eating the rich is not a useful way to accomplish that.

For example, in year one A earns $50,000 and B earns $50,000 and have no income inequality.  In year two A earns $100,000 and B earns $150,000 so there is income inequality as B has 60% of the income.  Both A and B should prefer year 2.

Economic freedom and the related economic growth are the solutions to our economic problems.  We need to use the effective tools like markets and see that the growth fairy lives.

 

 

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