Christmas is the season of miracles and we should thus remember that the American economy is capable of miracles if left unshackled by taxes, regulation and the incessant meddling of power hungry, vote pandering politicians.
Unlike the countless lemonade stands that set up shop in neighborhoods all over America every summer, one particular lemonade stand drew national attention – to the great consternation of the city elders of Overton.
Every now and then, this piece just writes itself. Thanks to the leadership of the City of Overton, Texas, this is one of those times.
Access to the Internet has happened pretty much without the “help” of the federal government. Connection speeds keep going up while costs keep coming down.
That heavily regulated industries never innovate and are easily beaten by creative entrepreneurs is forever lost on those who believe in the goodness of government.
The permanent federal bureaucracy is cranking out rules in such volume that literally no one can keep up.
The fourth branch of government consists of about 50 federal agencies under various cabinet-level departments that have over time accumulated astonishing autonomy to write and enforce rules and regulations.
Today in America tens of thousands of cosseted and unaccountable bureaucrats, all safely beyond the reach of those we elect at the ballot box, have become the determinants of economic activity.
Regulatory capriciousness is putting a chill on business investment. It’s a huge reason that the economy is stuck. Yet Obama will never mention this fact in his Sept. 5 speech on jobs.