Thursday, August 30, 2012

Government's Lack of Mission

The best post that I've read all week: "Government's Lack of Mission," found at Free Northerner.


"Let’s illustrate with an issue like poverty.

What is the government’s underlying mission?

Is it to maximize economic freedom whatever poverty may result?

Is it to maximize economic productivity to reduce prices so the poor can better afford goods?

Is it to keep employment high so that the poor can pull themselves up from poverty through hard work?

Is it to keep wages high so workers have a good standard of living keeping them out of poverty?

Is it to provide every individual has a basic standard of living to reduce absolute poverty?

Is it to promote economic equality so there is no relative poverty?

Is it to promote consumption to reduce immediate poverty?

Is it to promote long-term growth to reduce poverty in the future?

All of these goals are contradictory. A goal of freedom is inconsistent with having any other goals. Consumption and long-term growth come at the expense of each other. Economic equality reduces economic productivity. Providing a basic standard of living reduces productivity and the incentive to work. Keeping employment high often means subsidizing unproductive activity. High wages reduces jobs? Etc.

When it comes to poverty issues, whose interests should the government look out for. The poverty industry? Industry and business? Taxpayers? The poor? Unions? The blue collar working-man? And how should they look out for it?"

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