Let’s stipulate that, in passing the stimulus bill, our leaders meant well. Still, “The greatest dangers to liberty lurk in insidious encroachment by men of zeal, well-meaning but without understanding,” warned Supreme Court Justice Louis Brandeis. By relying on the federal government to solve problems, instead of free people acting in their own best interests, our leaders are endangering the economic freedom that made this country great.
Still, the government’s failures mean we still have to choose a better path. “People worry about government waste; I don't,” economist Milton Freidman said in 1991. “I just shudder at what would happen to freedom in this country if the government were efficient in spending our money. The really fascinating thing is that our private sector has been so effective, so efficient, that it has been able to produce a standard of life that is the envy of the rest of the world on the basis of less than half the resources available to all of us.”
There’s no reason the U.S. can’t, once again, become a leader in economic freedom. This can be the year we move back toward lower taxes, smaller government and less debt. That would point the way toward a future with more economic freedom, and the opportunity that goes with it.