Industrial Policy For Venture Capital?

best industrial policy

The best industrial policy would be for the federal government to downsize, repeal most regulations, stop borrowing, cut taxes, and most importantly, establish a sound, honest unit of currency.

Most of what the government has done for the past 70 years has been designed to benefit one special interest after another, at the expense of all the rest. A web of regulations and taxes and quotas ensnare anyone who wants to make an honest living. To make matters worse, the Fed is constantly tinkering with the money supply.

I say to all the would-be geniuses who want to help kickstart the economy, leave us alone! To all those who say that deregulation got us into this mess, have a closer look at the Federal Reserve System: it has its dead finger on the scale of every bank and financial institution in this country, and many abroad. The entire economy is pumped full of money whenever it seems politically expedient; this Fed-generated inflation is the cause of the systemic instability which is sloshing around and making a mess of everything.

terrymac of CA @ Jun 25, 2009 23:35:31 PM