7 responses to “A Couple Thoughts on Government Intervention”

1. 

   mitch crider

   October 27, 2009

   weakening the u.s. dollar makes those that hold our debt very happy…what is wrong with slower growth to stabalize the economy

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2. 

   Jerry Goidosik

   October 27, 2009

   Chis Reading a great book from around that time period called the workman it was published in 1877 from the American Track society it is the best easy read on our economic system that I have ever read.

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3. 

   Dennis Perry

   October 27, 2009

   Chris,
   I would love to hear you insite to this video.
   DP
   http://www.youtube.com/watch?v=7BxiEJcOoo0&feature=player_embedded

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4. 

   Lucas Moldenhauer

   October 27, 2009

   Thanks Chris,
   I could never figure out how inflation would help government tax us more until I read Dinesh D’Souza on Ronald Reagan. He explained how inflation puts people into higher tax brackets…thus new taxation without representation. It was a huge “Aha” moment!
   Thanks for your insights.
   Lucas Moldenhauer

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5. 

   Cathy – Team Rascals

   October 28, 2009

   Chris,
   Far too often, modern governments are to economies what the classic fellow was to the goose who layed the golden eggs: He killed the goose to get to the eggs, without any concept he was killing the very source of the golden eggs!
   Any kind of taxation, whether it be inflation or not, is bad for an economy. And what is bad for the economy is, in the long term, bad for government revenues.
   If those in power want more money to flow in, they should stop trying to take it out. I know, to the uninitiated, that sounds like insane reasoning, but please bear with me.
   When those in power stop trying to take it out and loosen the reigns on the economy, the economy reacts positively. People save and spend more. They invest more, secure in the knowledge the money has a better chance to grow. In turn, jobs are created, more wealth flows. Finally, more taxes are paid and more revenues flow into the government.
   It doesn’t happen overnight. Often, the process takes 3 to 5 years from loosening the reigns to the government feeling its strongest growth in revenues. It takes patience with the process, and unfortunately most politicians are quick-fix tinkering kind of folks.
   In the boom of the early years of his administration, President Clinton only reaped what meager good President Reagan did in this respect. (Despite all the credit President Clinton’s administration tried to take for it!!) Just imagine what would happen if all of Washington (and the statehouses) got it, and got all of it, instead of just a select few . . . Kind of awesome, isn’t it?

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6. 

   Phyllis Hoff

   October 28, 2009

   Chris:
   Your informal economic talk last night outside the meeting room was amazing, informative and enlightening.
   It would be great if you posted that.
   God Bless and Thanks for all you do for us.

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7. 

   John Dickinson

   October 28, 2009

   Chris,
   It’s interesting to note that it seems like governments act like we need them when it is the other way around.
   You can have a society without a government, but you cannot have a government without a society to support it.
   Why is government intervention in society called “managed economy”, but societal intervention in government is called “revolution”?
   Thanks,
   John

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