The state minded Keynesian's will just hate this art article...
http://spectator.org/articles/65429/demand-economic-growth
America is languishing from historically low growth rates for the past ten years. These low growth rates restrict the growth of middle class income, jobs, and, most importantly, innovation. In the fourth quarter of 2015, our growth rate was less than 1% at .70%.
Our government and Wall Street are hyper- focused on the actions of the Federal Reserve Bank, known as the Fed.
Since the Great Recession, the Fed has maintained short-term interest rates at, or close to, zero. After six years of slow growth, many wonder why the economy is not returning to normal and why low interest rates do not stimulate growth.
Government cannot create growth, but can restrict growth with regulation and taxes. American growth from the founding has been the best in the history of the world because we are mostly free; but, unfortunately, big government makes us less free and less productive.
Since 2008, marginal tax rates have risen and new taxes have been created to support the Affordable Care Act. Intuitively, taxing the rich sounds fair, but the reality is that high marginal tax rates remove investment dollars from the private sector and expand the number of non-productive government regulators.
The administration has been creating regulation at the fastest pace in our history. Regulators have inundated every industry, from heath care, autos, dishwashers, to new consumer financial controls. We have all witnessed how federal interventions have virtually undermined the public school system...........................
...............
Economies grow based on new private investment and innovation. Think of the impact of the iPhone introduced in 2008, and how it creates $200 billion in annual revenue and thousands of jobs. Google and Facebook have provided information technology for the world and changed the way we read, buy products, and communicate.
These are prime examples of what is known as Say’s Law, which is “supply creates demand.” Innovation and private investment are essential to reducing prices and expanding markets. iPhones are now available to billions of people worldwide.
Jean-Baptiste Say theorized that the growth of economies is not demand-driven, but growth is created by new and lower cost products and services. McDonald’s created huge demand in 1955 with a 15-cent hamburger, and now dominates fast food worldwide. As a result, a new, trillion-dollar industry has been created — eating away from home. We eat at grocery stores, fast food restaurants, at work, and from food trucks.
http://spectator.org/articles/65429/demand-economic-growth
America is languishing from historically low growth rates for the past ten years. These low growth rates restrict the growth of middle class income, jobs, and, most importantly, innovation. In the fourth quarter of 2015, our growth rate was less than 1% at .70%.
Our government and Wall Street are hyper- focused on the actions of the Federal Reserve Bank, known as the Fed.
Since the Great Recession, the Fed has maintained short-term interest rates at, or close to, zero. After six years of slow growth, many wonder why the economy is not returning to normal and why low interest rates do not stimulate growth.
Government cannot create growth, but can restrict growth with regulation and taxes. American growth from the founding has been the best in the history of the world because we are mostly free; but, unfortunately, big government makes us less free and less productive.
Since 2008, marginal tax rates have risen and new taxes have been created to support the Affordable Care Act. Intuitively, taxing the rich sounds fair, but the reality is that high marginal tax rates remove investment dollars from the private sector and expand the number of non-productive government regulators.
The administration has been creating regulation at the fastest pace in our history. Regulators have inundated every industry, from heath care, autos, dishwashers, to new consumer financial controls. We have all witnessed how federal interventions have virtually undermined the public school system...........................
...............
Economies grow based on new private investment and innovation. Think of the impact of the iPhone introduced in 2008, and how it creates $200 billion in annual revenue and thousands of jobs. Google and Facebook have provided information technology for the world and changed the way we read, buy products, and communicate.
These are prime examples of what is known as Say’s Law, which is “supply creates demand.” Innovation and private investment are essential to reducing prices and expanding markets. iPhones are now available to billions of people worldwide.
Jean-Baptiste Say theorized that the growth of economies is not demand-driven, but growth is created by new and lower cost products and services. McDonald’s created huge demand in 1955 with a 15-cent hamburger, and now dominates fast food worldwide. As a result, a new, trillion-dollar industry has been created — eating away from home. We eat at grocery stores, fast food restaurants, at work, and from food trucks.
