THAT ONE IS GOING TO BE BAD …
Years ago we wrote a piece in defense of “creative destruction.”
Our column referenced the legendary Austrian school economist Joseph Alois Schumpeter … but then we remembered we were a political blog based in the dumbest state in America. At which point we quit with the Schumpeter-speak.
But the point still stands: Creative destruction is (and always has been) a good thing. It’s a natural part of the free market … and an essential part of creating the conditions for future growth.
In a recent column on his website, investment advisor Lance Roberts makes this point. But he also makes the critical caveat: We are not in a free market. We are in a manipulated market, one in which government-driven centralized “financial engineering (has) had a very negative side effect of deteriorating economic prosperity.”
In other words all those government efforts to “save the economy” have only made matters worse … which is exactly what we said would happen more than seven years ago.
More
DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
"America...can thrive again in the future. How?"
ReplyDeleteBy convincing voters to elect honest, hard-working, true Americans to office instead of the career power-hungry politicians who only want the positions for the prestige and perks. And the salary and benefits that are much better than yours and mine.
They come from the gubmint and they are here to "Help" - themselves, that is :(
ReplyDeleteBad? It's been bad since the great recession started in 2008!!!!!
ReplyDeleteIt sucks now!
This seems to be the new normal!
Since it hasn't been good, it will just go from bad to worse!!!