It is clear that regulation is expanding daily in the United States and will continue to do so — with disastrous consequences. The current administration and congressional leaders are all committed to big government as a tool of economic and social change — as long as that social change is what they and their constituents desire.
This then is the essence of government regulation: to effect an outcome desirable to a favored constituency for both votes and ideological consistency. Hence, the reemergence of Keynesian economics. For, as described above, Keynes provides the intellectual cover for government intrusion in the market and, as a result, intrusion in our everyday lives.
Our economy is guided by those who believe government can provide all things; that is, they follow the conjectures of John Maynard Keynes. There is an opposing viewpoint - Austrian Economics - that a free market, bereft of strangling regulations, is the path to a sound economy. It is time to dispose of Keynesian economics and its practitioners because it is meddling, invasive and tyrannical.
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