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Intellectuals Bringing Nirvana?

By

Cato Institute Senior Fellow Richard Rahn

Cato Institute Senior Fellow Richard Rahn

Originally posted November 18, 2014.

Richard W. Rahn, senior fellow at the Cato Institute, writes, “The longest-running scam is the big lie that more government spending will create jobs and raise wages.” In order to believe this scam, you have to believe that government is more efficient than the private sector.

In the wake of MIT professor Gruber’s troubling discloser that the legislation for Obamacare was based on a series of lies, Mr. Rahn hopes that Americans now will wake up to the political reality of the many other highly damaging policy frauds taking place in Washington—from Dodd-Frank to the Foreign Account Tax Compliance Act to the attempt to increase the minimum wage.

Richard writes, “The whole socialist and big-government ideal is predicated on the notion that the intellectuals can bring us nirvana.” Read more here about the “experts,” many of whom, while living off taxpayer-funded grants, claim to be smarter than the markets and to know what’s best for Americans.

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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.