Originally Posted by
Reverend Tap
You might need to go ahead and describe it in the longer way, because at the moment you're still just basically saying "because it doesn't work" without any explanation of why. You say the government can't create wealth, but where's the difference between me making purchases or investments and the government doing it?
When you make a purchase, it's with your money. However, when the government does it, And they are running a deficit, they have to print the money. This leads to inflation. Perfect examples are the Carter years and the Weimar Republic. The Weimar Republic actually printed so much money people were literally burning paper money because it was cheaper than buying firewood and heating oil!
Originally Posted by
Reverend Tap
What prevents government spending from creating wealth in the same way that private spending does?
See above. Also, if I invest say $10k in a start-up business, and they become profitable, I benefit from the wealth they created. Can you name anyone who got rich by investing in the Government?
Originally Posted by
Reverend Tap
If the government spends a few billion in taxes hiring private companies for large public works projects, doesn't that put a lot more money into the hands of the private sector and, in turn, create a lot more wealth (as well as immediate benefit to the public good) than having a bunch of random people each deciding to do whatever they want with their individual, small amounts of money?
Good question. Yes, that puts money in the hands of the private sector, BUT.... First, the Government did not create that money. If they printed it and they are in debt (like ours currently is), inflation is a very distinct possibilty. Second, business does not 'do whatever they want'. If they spend money foolishly, and don't get returns on it, they go out of business. On the other hand if the government does that, they just borrow more.
When given the choice between big business and big government, choose big business. Big business never threw millions of people into gas chambers, but big government did.
"It does not take a majority to prevail, but rather an irate, tireless minority, keen on setting brushfires of freedom in the minds of men" -Samuel Adams