Doubling Down on America’s Liberty

In a recent editorial on what a libertarian is, Cato Institute chairman Bob Levy emphasizes the respect Libertarians have for the legitimate functions of government in securing individual liberty. But as Cato’s Chris Edwards explains in “Independence in 1776; Dependence in 2014,” our liberties are being sharply undermined by the obscene growth of subsidies going to individuals, businesses and nonprofit groups. Today there are 2,282 federal subsidy programs, each of which “generates a bureaucracy, spawns lobby groups, and encourages more people to demand further benefits from the government.” As Chris further notes, “Government subsidies are like an addictive drug, undermining American traditions of individual reliance, voluntary charity, and entrepreneurialism.”

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Debbie Young

Debbie, editor-in-chief of Richardcyoung.com, has been associate editor of Dick Young’s investment strategy reports for over three decades. When not in Key West, Debbie spends her free time researching and writing in and about Paris and Burgundy, France, cooking on her AGA Cooker, and practicing yoga.