Discussion in 'Economy' started by antagon, Nov 5, 2010.
What's your take on the ideal role of government in our economy?
Get out of the way as much as possible.
Government paved the way in the 50s and 60s, created the Interstate System.
Government got out of the way in the first decade of this century, letting the financial institutions do as they wanted, and depended on them to police themselves. We damned near got the Second Great Republican Depression.
Something in between.
Not to much..not to little..and alot of it is situational.
Define "get out of the way". Cuz frankly I think that the government needs to get in the way in regards to a reasonable taxation policy, a national central bank and regulation that fortifies banking on their dime while preventing a lot of hocus pocus/quasi ponzi scheme "investment vehicles", securities and "assets" like leased gold!
Beyond that I really believe the government is not trustworthy to manage an economy. Plus they use the economy for a political tool. [sarc?]Maybe we should task the military with enforcement of economic rules and laws. I imagine heads would roll but that the job would be accomplished satisfactorially. [/sarc?]
Ideally somebody independent should manage the economy and oversight over the financial sector but between corruption and power and conflict of interest nobody can be trusted to do the right thing.
Would a world body be a better overseer? Is there anybody that can be trusted to do a fair job at all?
Are we therefore fucked?
I dunno if I trust the government to manage a budget.
Would/could the people themselves do a better job? [sarc] Would the states do a better job[/sarc]?
[dead f***ing serious]Are we therefore fucked?[/dead f***ing serious]
you'll have to ask a libertarian what they mean by out of the way. i couldn't do such an idea justice with my cynicism.
our country is faced with challenges which we rise to from time to time. the government has always played a big role in these transitions. whether or not we're fucked is based on whether or not america, public and private, will make such a revival at this point when i think it is increasingly make or break.
The government that governs least, governs best. In ancient Greece, there were no building codes.
There was one law that governed building that seemed to have worked. If the building you built collapsed and someone died, you were put to death. Result? The Parthenon stood intact for millenia until artillery destroyed some of it.
Our tax code is a travesty.
Thoreau told us to simplify. Why he then repeated it twice is confusing, but he did.
"Simplify, simplify, simplify".
Government is a needed evil that needs to be kept as abreviated as is possible to get the job done.
Less is more. Government bureaucracy is notoriously ineffective and for the most part useless. It meddles into areas where it has no business, there are few in Congress who have a clue about the inner workings of anything they are trying to regulate.
I think the 2010 election "rebellion" has made an initial warning that government on both sides of the aisle better shape up or be shipped out.
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