The disposition of politicians is to react to perceived problems rather than to solve them. Our present economic plight is a case in point. A constant clamoring is heard daily from politicians, bureaucrats, and their business beneficiaries pleading for the government to do something, even anything, before economic conditions worsen. Without a clue as to what has caused today's malaise, politicians move into panic mode and sign on to "solutions" which can lead only to greater economic hardships ahead. We are reminded of Ludwig von Mises' observation that the history of government intervention is the repetitive saga of how governments … Continue reading Government: A Successful Failure