[Swiftwater Gazette] Government as Wizard of oz

Ed kroposki kroposki at att.net
Tue Mar 8 06:36:07 EST 2016






Themodern day Wizard of Ozhttp://www.economicnoise.com/2016/03/04/recovery-pushes-on/
Theamazing Obama “Recovery”, now in its seventh year,roars ahead. 
“...there is no recovery nor can there be one given thedisincentives associated with Obama Care and otherdebilitating regulations. “
Noamount of fiscal or monetary policy can offset theadverse and counterproductive policies imposed onentrepreneurs and other economic decision-makers. Attemptsto counteract these negatives via macroeconomic policywill continue to fail while adding to thegross misallocationof resources, price distortions and squanderingof capital that has already occurred.
Theinsanity of these policies is striking, but they willcontinue. It is the only defense the political class (themodern day Wizard of Oz) has. For thepolitical classto admit its wrongs is to undermine the entire Statistapparatus, the arrogance of central planning andthe very necessity of the State itself. 
Thus,these harmful policies will continue. Thewizard willdo everything it can to avoid having the curtain opened. Nevertheless, the massive collapse that is comingcannot be avoided. It can however be magnified.

   

  
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