In response to:

The Economy Needs No Conductor

Ben Linus Wrote: Apr 18, 2012 11:07 AM
just nitpicking, it's "they're" not "their". :) 10% is a good start on cuts. But whole departments need to be eliminated. Cut 10%, then evaluate departments to see which ones can be phased out and which ones must be just eliminated completely. Congressional staff needs to be *at most* 3 people per Rep/Sen. Half of Congress will probably retire just because they're no longer treated like a diva.

We spend too much time waiting for orders -- and money -- from Washington.

The collapse of the housing bubble gave politicians a license to do what they wanted to do all along: spend. The usual checks on extravagance, weak as they are, were washed away. Budgets? We'll worry about that later. Inflation? We'll worry about that later.

As I point out in my brand new book, "No, We Can't: Why Government Fails -- and Individuals Succeed," a true free market doesn't require much. It's not like an orchestra in need of a conductor. What it needs is property rights, so...