Via City Journal, The Road to Recovery, by John B. Taylor
... As Hayek would insist, we need to be careful about what we mean by economic freedom. The basic idea is that people are free to decide what to produce, what to buy, where to work, and how to help others. The American vision, as I explain in my book First Principles, held that people would make these choices within a policy framework that was predictable and based on the rule of law, with strong incentives emanating from a reliance on markets and a limited role for government. Historically, America adhered to these principles more than most countries did, a major reason why the nation prospered and so many people came to these shores.To quote Tom Lehrer, "It's so simple, so very simple, even a child could do it."
... Government policy has largely caused these problems.Yes indeed, yet people who should know better, are buying into the notion that government is able to solve these problems which in my opinion, they not only don't want to solve, they are actively causing one crisis after the other to terrify people into giving over to them total control of their lives.
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