SEARCH BLOG: GOVERNMENT
It's a short, complicated, and fair question: has the federal government gone too far?
In the name of saving the planet from a natural, non-toxic, essential-to-life molecule, the federal government is enacting trillions of dollars in new regulations and laws that will result in economic hardship for hundreds of millions of people both in their day-to-day lives and in their attempts to save for their futures.
Federal spending is now so high that increased taxes are inevitable, as is a higher rate of inflation that will dramatically erode real buying power. Buyers of federal IOUs are increasingly reluctant to accept more. Higher inflation will inevitably lead the Federal Reserve to raising economy-suppressing interest rates.
Federal regulations are adding increasing costs to purchasing and operating automobiles. The next step will be energy regulations of buildings including retroactive standards. How long will it be before the trunk of every vehicle has an energy rating symbol... or the front door of every house?
Federal regulations are crippling the development of reliable energy sources for the 21st century in favor of niche energy sources that are subject to the whims of the weather and, in the case of wind turbines, the object of objections by those who are forced to live near those arrays.
Federal involvement in private enterprise has escalated to the point where the federal government now owns major players in finance and manufacturing and has an inherent conflict of interest between the economic role of such entities and the political aspirations of those running the federal government.
All of this is being done in the name of fairness and justice and the interest of the nation, but it is undermining the very economic foundations of this country. The federal government is practicing a form of economics that no economist can support. It is creating the basis for a long-term economic implosion by forcing economic decisions that are no longer based on market efficiency, but rather market manipulation.
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