The government partial shutdown continues. There are approximately 800,000 non-essential personnel who have been furloughed due to the shutdown. The Washington Post chart below lists the percentage of individuals by department who have been furloughed.
Dr. Mihai Macovei, an associated researcher at the Ludwig von Mises Institute Romania, found that income inequality and slow productivity are due to a common factor – government intervention. The more government intervention, the less productivity and more income inequality. Dr. Macovei wrote:
A growing chorus of alarmist voices decries the rising economic inequality in the Western world, especially in the United States. Surprisingly enough, the same mainstream analysts complain about the anemic growth of labor productivity without seeing the correct link between the two.
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For the United States, the failed economic policy is the exponential growth of government intervention in the economy in the 20th century, which stifled entrepreneurship and capital accumulation. This is obvious in the rise of both government spending that redistributes away economic resources from their originators and the amount of regulatory burden.
The U.S. Congress and previous presidents have allowed government intervention to expand exponentially.
President Trump recognized that it is government intervention at every level (the swamp) that harms economic growth. Regulations by tens of thousands of un-elected government bureaucrats have keep America from being great.
Given the current shutdown and the growing realization that its impact on individual Americans has been negligible, gives the Trump administration a golden opportunity to “trim the fat.”
Fewer government bureaucrats means greater productivity and income equality.
Two goals of Making America Great Again and Keeping America Great!
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