WHAT DO ethanol and the subprime mortgage meltdown have in common? Each is a good reminder of that most powerful of unwritten decrees, the Law of Unintended Consequences - and of the all-too-frequent tendency of solutions imposed by the state to exacerbate the harms they were meant to solve.
Read it all at the link.
This article from the Boston Globe is just a small example of how the government is not the answer to this countries problems.
The government jumped on the concept of ethanol production long before the proof that ethanol was the answer to our problems. They did this in order to make the public think they were trying to solve our dependence on foreign oil. The fact is that ethanol is not any better for the environment than oil. It just effects it in different ways. That added to the fact that it is driving up the cost of food is actually hurting this country tremendously.
The mortgage fiasco is an example of the government basically blackmailing companies into providing loans to people who should not have gotten them. I am not saying that the people receiving these loans do not deserve part of the blame. It is just another example of the government sticking it's nose where it doesn't belong.
The last line of this article is so true. I will leave you with it:
"No man's life, liberty, or property is safe," warned Mark Twain, "while Congress is in session." Mark Twain was a humorist, but that was no joke.
1 comment:
Great post!!!
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