Mike Kolls (L) for Congress

United States House of Representatives
Texas District #24 - map

email - Rep@tx24.us

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The Free Market

 

Failure?

The Free Market has NOT failed.

Producers and service providers are The Free Market. These entrepreneurs conduct voluntary exchanges that enrich each party – open and fair contracts.

The polar-opposite of The Free Market is Socialism.

Socialism? NO

In contrast, gov’t extorts taxes from these wealth creators… a parasite eating at the expense of its host. Shortsighted social engineering is attempted via legislation. Once opened, the theft continues – continual legislative tweaks and tax increases. Each ill-fated “law” calls for more BIG gov’t. Centrally-planned society, via gov’t … is Socialism.

The United States is a mixed economy – part Free Market and part gov’t-created Socialism.

I advocate a purposeful move towards free markets and an abandonment of Socialism.

At the most basic level, personal choice is maximized by the Free Market. Socialism takes away personal decisions and choice.

 

2009 Housing Crash / Depression

This depression was caused by political desire to provide affordable housing to those who could NOT previously afford it – a Socialist desire in direct confrontation with economic reality.

Any disciplined economist would predict that easy credit, in mass volume, would come home to roost. This naïve, shortsighted engineering was doomed to fail (and fail impressively). Could magnanimousness BIG gov’t simply will that some could afford housing? The answer was a resounding NO. And, continued gov’t interference has caused the recovery to take almost a decade.

Gov’t “action” is much like a Rube Goldberg machine (right). It is ineffective and woefully inefficient. Each complexity is a new point of failure.

Economic forces are far stronger and deeper-rooted than political expediency.

The "Affordable" Care Act (ACA)

ACA is a huge gov't intrusion/usurpation of the economy. It will fail because of several factors, chiefly pre-existing conditions.

ACA should be repealed and NOT replaced. It is an incremental move towards Socialism - central, gov't control.

Tariffs?

NO.

Ill-conceived gov’t interventions create devistating, unintended consequences. The Smoot-Hawley Tariff (1929) preceded the Great Depression. Many economists insist that this tariff was a direct cause of that massive financial collapse. Today’s discussion of tariffs... invites a similar outcome.

Gov't - ineffective and woefully inefficient

And yet, hefty tariffs are being considered.

What about tariffs “on Mexico” and “on China”? The importers will increase prices to offset the ill-advised and ineffective tariff. This additional cost is passed on to US consumers. Neither Mexico, nor China pay for these tariffs … or the wall… We will.

My 2¢

Gov’t, leave the economy alone!

“Let” the Free Market work. It is the most effective and efficient method to distribute goods and services within a society.

 

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Life, Liberty, Property!