John Locke Foundation President John Hood today provides an excellent overview of our country’s misguided – and to me, alarming – move away from freedom, free markets, and limited government. We’re now a Bailout Nation, he writes.
Bailout Nation isn’t exactly a new model for economic organization. But it’s relatively new to America. Giving a president and Congress the authority to hire and fire CEOs, dictate product lines, set pay scales, restructure whole industries, and funnel billions of extra dollars to bankrupt private companies and bankrupt public entitlement programs will make our nation look more like a European-style social democracy than it ever has before.
Stagnation, frustration, and social discord are sure to follow.
