Government: A Successful Failure

The tragedy is that so many people believe government will be successful. This false hope that economic problems can be remedied by more "emergency" government edicts will prove futile. Such naïve beliefs deny the fundamental economic axiom of cause and effect. To believe that government’s bailing out of failing firms today, vastly expanding its accumulated public debt, consuming unprecedented quantities of taxpayer wealth with boondoggle projects, and debasing our currency by monetizing debt will lead to a prosperous economic future is a chimera of the first order.

Is there any solution to today’s economic problems? Of course, but it won’t happen.

So, what is the answer? I think most people know what needs to be done but they don't want to accept it. Instead, they are hoping the governmental solution will save the day. It won't but we're going to try it anyway. You know the answer, don't you? Hint: It's not bailing out failure and spending money we don't have.