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Politics : Bill Clinton Scandal - SANITY CHECK
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To: Jack Be Quick who wrote (31383)2/1/1999 2:01:00 AM
From: Neocon  Read Replies (2) of 67261
 
Since we are at a stage of banter, I thought this would be a good point to begin a small tutorial for some of our liberal friends. Let us begin with economics:
1.)The greater the degree of political interference in the economy, the less economic efficiency and the more diluted is consumer sovereignty;
2.) The politicization of an economic sector will increase the power of the most interested parties in the long run, who will use it to cartelize the sector, to the advantage of established firms and the detriment of competition and innovation;
3.) Therefore, government should regulate minimally, merely establishing "rules of the road" and helping with infra- structure, and should limit the use of taxes, tariffs, trade missions, and the like to favor certain outcomes, since they distort the price structure, which is the best means of determining the efficient allocation of resources.
My next tutorial will address the principle of subsidiarity.
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