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Government Versus Private Sector

Posted by Steve Markowitz on March 31, 2012

With the 2008 financial meltdown and the ongoing lengthy economic challenges, Progressives have attempted to create the narrative that the failings were caused by flaws in capitalism.  In fact, while greed and some of the downsides of capitalism are at the root of the problem, the larger culprit is the government and its interventions into the economy.  It was the government’s policy of keeping interest rates artificially low that led to many of the excesses including the housing bubble that directly led to the meltdown.

While the flaws of capitalism are readily admitted by any serious student of economics, the more dangerous flaws that emanate from governments are rarely addressed by the elitist Progressives.  The chart below puts a bit of humor this serious subject.

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