Lew Rockwell has written one of the best descriptions of why economic conditions are so bad in this country and why everything done so far has only made them worse. The entire article is worth reading. He concludes (my emboldening added)
:
None of these problems are intrinsic to the business cycle. They are all imposed by government. The same problem afflicted the economy during the Great Depression, but back then the central planning was newly imposed. Now is different: the old central planning is killing us day by day, even without dramatic new legislation.
It could all be changed. Congress and the president and the courts could reverse it all tomorrow, restoring an environment of freedom and free enterprise. Jobs would recover quickly. Hope would be back in a matter of weeks and months. The economy would genuinely recover.
What is keeping that from happening? The lack of political will and the insatiable desire of the state to keep eating away at our liberty and property.
It isn’t complicated. The state is living parasitically off our living standards and hopes for the future. It must die if we are to live well again.
To paraphrase Ronald Reagan, “government is the problem.” Until the American people (and the Europeans) recognize that simple fact, their economies are doomed to continued deterioration in living standards and eventually death via collapse. The parasite will strip them to the bone.
So very true.
If the Federal Government were to adopt a repeal approach to regulation, it would be like a Cornucopia being spilled out onto the USA. For once, Unintended Consequences would be a good thing.