Richardcyoung.com

The Online Home of Author and Investor, Dick Young

Would Cato’s Mitchell Shut Down Failed HUD and Ag. Dept. Immediately?

By

My friend Dan Mitchell of the libertarian Cato Institute would deliver the death sentence to both HUD and the Department of Agriculture. Sure couldn’t come soon enough for me.

I’ve argued before that the Department of Housing and Urban Development (HUD) should be the top target of those seeking to shut down useless and counterproductive parts of the federal government.

And if President-Elect Trump’s choice for HUD Secretary, Ben Carson, is as sound on housing issues as he is on tax issues, presumably he will work to close down the bureaucracy that he’ll soon be overseeing.

But I just read a Wall Street Journal column about agriculture subsidies that has me so agitated, that I may change my mind and make the Department of Agriculture my top target for elimination.

Agriculture subsidies are bad for taxpayer and bad for consumers. They are a corrupt transfer of unearned wealth to special interest groups.

P.J. O’Rourke came up with the only appropriate solution to this mess.

Dan Mitchell Explaining How Government Intervention Distorts and Damages the Housing Market

The following two tabs change content below.

Richard C. Young

Richard C. Young is the editor of Young's World Money Forecast, and a contributing editor to both Richardcyoung.com and Youngresearch.com.