Why Government Can Never Fix a Down Economy
And Why It Should Never Try
Paperback
Retail Price: $11.95
Paperback
Retail Price: $11.95
A down economy occurs when too many businesses see incoming orders shrink too much. But always, among the 29 million firms that comprise our marketplace, some businesses will be doing well. In the past, we devised a way to find them, fund them, and begin the healing process. Nobody knows, regardless of studies or the number of degrees held, who those firms or business sectors, in aggregate, are. But our government, invariably, selects some, presents them with tax money as stimulus, and the economy continues to sleep. The money was wasted and no national or market purpose was served. Citizen-households, in dealing with all 29 million businesses, unintentionally are funding those poised for growth -- and at no cost to taxpayers. The private sector has 132 million citizen-households that spend money to buy an infinite variety of products or services, every day, that they need or desire from those businesses. And that money, secondarily, is finding all of the firms peculiarly poised for growth and is feeding them. With time, the market will heal and grow if government does nothing. But government can shorten the period of distress: Remove business-retarding regulations. And it can shorten it much further if the private sector, additionally, is allowed to retain a little more of its tax money -- to further stimulate those poised. To make the nation’s period of economic distress the absolute shortest, the government has to do this: Give all private sector businesses more money (lower tax rates with no time limit), remove any regulatory stumbling blocks to business (for example, let drilling begin on federal land), give the private citizens more money to spend (lower tax rates with no time limit), and stand back. The widespread distribution of funding will find those elements that are poised for growth, and if enough elements are found, the correction will begin - and continue, like the falling of dominoes. Government can’t do anything more. If the market isn’t ready, it may take more time, and permanence of all the actions is required. Today, world-wide, economies are in turmoil; our consumers’ money could find some businesses, poised, that left for foreign shores early on, now ready to return.
Paperback
Format: 6 x 9 Black & White Paperback, 135 pages
Publisher: Outskirts Press (Dec 19, 2012)
ISBN10: 1478718854
ISBN13: 9781478718857
Genre: BUSINESS & ECONOMICS / Accounting / Financial