Daniel Henninger’s Wall Street Journal column today correctly argues that economic growth is what the nation needs. Not “stimulus” or bailouts or innumerable special interest group projects or any other gimmick dreamed up in the White House.
Here’s what he didn’t say. Economic growth is something that occurs through the spontaneous order of the free market (what’s left of it!). The government can’t mandate it or catalyze it. All it can do is get out of the way. Stop absorbing vast amounts of money and resources for political projects. Stop inhibiting entrepreneurs with bogs of regulations. Stop helping parasitic lawyers and other interest groups that are bent on siphoning away profits from successful firms. Stop corporate welfare.
Doing those things is impossible for Democrats because their biggest support groups all depend on government redistribution.
