[VIDEO] “Growth retarding government intervention”

Growth retarding government interventionPrager U is out with another video, this one asking whether the economy benefits or suffers from government intervention. Steve Forbes makes the case (with which I agree) that government helps an economy best when it creates optimal economic conditions (low taxes, low regulation) and then sets the economy free. Government hurts the economy when it taxes job creators and regulates them to death.

Incidentally, I continue to believe in the saying “Few rules but unbreakable.” Rather than trying to micromanage every step a business takes, go big:  “Don’t lie to consumers.” “Don’t sell dangerous products.” “Don’t withhold information from potential investors.” The more rules there are, the more rules that can be broken — and the more opportunities for graft.

Here’s the video: