Tuesday, August 26, 2008
Clowns and Commerce
As often happens in these things, we are told that this election is about the economy. That’s no surprise, people often vote by how they feel about their jobs and homes and savings, and wrap the candidate they support in expectations that he will somehow make a difference for the better. The problem with that, is that very few elected officials have any effective idea how the economy works, much less how their actions will influence its behavior. The United States’ economy is a multi-trillion dollar economy, with thousands of job categories and descriptions in industries spanning historical classics to new types created within the past decade. The historical record shows that the government can damage the economy through excessive taxation or neglect of strategic needs, but as a rule government cannot help the economy except by reducing, as much as possible, its footprint upon it. The candidate, therefore, who promises to create jobs or revive the economy through government programs is a liar and a fool, and a poison to the nation he wants to control.