The Corner

Politics & Policy

As the Economy Crumbles

How bad are things getting? Very bad, writes Jeffrey Tucker in this Brownstone Institute essay.

Years of government meddling in the spontaneous order of the market are now producing a perfect storm of empty shelves and people who either have been forced out of work or prefer to sit around collecting federal money.

Tucker wrote, “It doesn’t matter how bad it gets. Our leaders will never admit failure. They will look at the disaster they are creating and call it success. This is what is truly chilling about the unfolding issues: they do not believe it is a crisis.”

Could we be in a replay of the Great Depression? The “lesson” that most Americans learned from the depression, however, was the wrong one — the leftist notion that things were bad because capitalism had failed and we needed government intervention to save us. What if we could teach people the right lesson this time, namely that the problem is government intervention itself?

We must try.

George Leef is the the director of editorial content at the James G. Martin Center for Academic Renewal.

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