Free Markets and Small Government Produce Prosperity

Now that the so-called stimulus has been enacted, hopefully policy makers will turn their attention to policies that actually improve economic performance. This Center for Freedom and Prosperity Foundation video reviews the key finding in the Fraser Institute's Economic Freedom of the World and explains that, contrary to the policies of Presidents Bush and Obama, smaller government and free markets are the way to boost economic growth. For more information: www.freedomandprosperity.org

Category:

News & Politics

Tags:

• keynes
• keynesian
• spending
• economic
• growth
• obamacstimulus
• government
• flat
• tax
• fair
• CFP
• CF&P
• center
• freedom
• prosperity
• quinlan
• mitchell

[obmax1212]

The government doesn't generate revenue, so how could it pay taxes? More importantly, why would it pay taxes to itself? What purpose does that serve? It sounds like you want to say "why can't the government produce it's own income outside of taxation". Simple answer: it doesn't produce anything.

[FrickinLaserBeam]

Friedman was all about letting gambling banks fail. Friedman was all for free entry into and out of markets for people, companies, capital, etc. without any coercion. Nothing I've learned about Friedman's phillosophy had anything to do with promoting corperate piracy - that is by definition coercion, that which Friedman opposed vehemently.

[worldofdraculas]

@whoo689 They aren't Left-Wing on anything. That's not how political ideologies work. The Left-Wing and Libertarians have completely different reasons for reaching those conclusions, and how tackle the issues.

For example, you might say Liberals and Libertarians are both pro-gay marriage. In reality, Liberals believe in protected classes of people and making laws to bring equality, while Libertarians simply do not think the government should have laws regulating marriage.

[luftwaffle]

@zombiefitnezz That's rather absurd and arbitrary, haha. You're joking I assume.

[Mortonc3]

I question not the data but the bias of the data. If the motive of the publication is to sell copies and inform capitalists where the markets have the best returns, then an "economic freedom score" should not be used to measure overall prosperity and the standard of living for a nation. Its a false correlation between returns for investors and the economic security of the citizens of that nation.

[boing3887]

@iluvpoliticzz

true. because aid to hungry children and single mothers is wasteful spending, but billions to Boeing, Lockheed and Raytheon isn't!

[iluvpoliticzz]

@boing3887 well duh....conservatives believe in a large national defence....so theyre not gunna choke off the money to rour military

[iluvpoliticzz]

----7 communists ahhahaa

[boing3887]

@justaquicklook

but i never see conservatives talk about cutting military spending - very rarely.

ethanol subsidies and farm subsidies are indeed wasteful, and they are used to help american agri-business undercut foreign competitors' prices. thats one of the reasons why so many mexicans flee here - they were farm workers who couldn't compete with american agriculture's subsidized prices. it's hard to compete against subsidized competitors, after all.

welfare is negligible and shrinking

[boing3887]

@justaquicklook

some people will argue that treasury securities are now "worthless," or that the U.S. may need to default on social security's treasury bills bc the govt. "can't afford to pay them back." well, if that's the case, default on the treasury bills held by wall street bankers as well. that never comes up, which strongly suggests that proponents of privatizing social security are dishonest or ignorant or both.

the bulk of discretionary federal spending is on the military.

[boing3887]

@justaquicklook

according to the CBO, which was run by doug elmendorf, who was a protege of Martin Feldstein - Reagan's former chief economic advisor, the inclusion of social security in the US budget makes the budget outlook better. if social security, both its spending and its assets, were taken out, then the budget picture would get slightly worse bc social security has $1 trillion worth of treasury security assets.