Any money the government spends must be taxed, borrowed or conjured out of thin air by the Federal Reserve, and that will reduce sound private investment. Obama has no real wealth to inject into the economy. He can only move around existing money while inflation robs us of purchasing power. Meanwhile, private investors who might have produced a better engine, battery, computer, cancer treatment or other wealth-creating and life-enhancing innovations hold back for fear that big government will undermine productive efforts.
John StosselDavid Boaz has been my guide to the history, economics, and politics of freedom for years.
John StosselGovernment is so big today that more than half the population gets a major part of its income from the state.
John StosselFreedom works, and government, when it grows beyond the barest minimum, keeps people poor.
John StosselSaying that government is not the way to solve problems is not saying that humanity cannot solve its problems. What I've finally learned is this: Despite the obstacles created by governments, voluntary networks of private individuals - through voluntary exchange - solve all sorts of challenges.
John Stossel