From 4% of GDP at the turn of the 20th Century, now government controls 33% of the U.S. Gross domestic product--up from 25% just a year ago.
We have not had a free market in the United States for just about 100 years now, yet the free market is getting blamed for all the problems that are finally coming to a head. FDR did not fix the problems of the free market; he simply exacerbated the problems of socialism, policies that were already being implemented by Herbert Hoover administration.
If what we really have now is the free market, ask yourself why so many of these so-called free market institutions are asking for--and receiving--bailouts from the federal government?
The free market doesn't do these things!
We have not had a free market in the United States for just about 100 years now, yet the free market is getting blamed for all the problems that are finally coming to a head. FDR did not fix the problems of the free market; he simply exacerbated the problems of socialism, policies that were already being implemented by Herbert Hoover administration.
If what we really have now is the free market, ask yourself why so many of these so-called free market institutions are asking for--and receiving--bailouts from the federal government?
The free market doesn't do these things!
Nice point. Short, sweet, and true.
ReplyDeleteExactly!
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