It boggles my mind how some people have such inconsistent opinions on the government’s role in the economy.
- When the economy is doing well, the government is expected to stay out of our businesses and not take any of our hard-earned money. This is supposed to be a capitalistic democracy, after all!
- When the economy is doing poorly, it is the government’s fault. It falls on them to fix the economy. All of a sudden we have a command economy. If the economy recovers, we forget that we were begging for salvation from the government and call it “the market regulating itself.”
- It is the current president’s fault. Problems didn’t arise out of involved developments deeply connected to the world and the economic situation of previous decades, they arose precisely when the presidential throne started warming a different politician’s bum.
- The economic situation will change (“for the better” is the current opinion) the moment a new president is inaugurated.
To hear such opinions, you’d think this country was neither a democracy nor a socialist state, but a kingdom.