The Problem With Big Government and Keynesian Economics.

#market #freedom #economy #debt #money

Today we will look at why government is never the solution to economic woes.

I will be referencing President Ronald Reagan but also showing that he did not do what he espoused as he is in the top 5 in terms of increasing the public debt in percentage terms.

I will also be giving two examples of how government interference in the UK economy has created huge problems.

My conclusion is that the best thing the government can do is to leave the economy to its own devices or what is sometimes referred to as Laissez-Faire.

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[pessi]

The problem is when the Government serves the big Monopoly corporations instead of the people. Influence is easily bought in the West.

[johnbethea]

I believe if you have to deal with your government more than 2 times a year, you have the wrong government. My parents told me what to do, I certainly don't need the government telling me how to live my life. No Socialist, Communist, Dictatorship or Slavemasters for me...

[bertibear]

Rentals are so expensive even out of London, a minimum wage full time worker cannot afford even a studio flat.

[mariedoremus]

Agree! Big government is the problem!! Great video 👍🏻

[normancampion]

Ronald Reagan also said there's no left and right only up and down.He also said about the Evil Empire.

[peterbrunsgaard]

Good morning Mario, Rudy, and everyone! ☕️☀️

[bigqueue]

Reagan was my favorite president....he was the first president I was able to vote for in 1976 when I turned 18. I knew nothing about Austrian economics, or libertarianism, but my mom and dad were small government people and I guess it rubbed off on me.

In fact, I remember my dad telling me about how the social security system was going to fail in my lifetime, and that I should not be relying on it when I retire. He didn't just say it, he showed me projections and statistics to back it up....and I was convinced....that was one of the things that turned me into a saver.

So to me, Ronald Reagan was saying all the right things....to me, he had his finger in the pulse of what was wrong.

Let me put my tinfoil hat on for a moment....I think Reagan was a surprise to the powers that be and I think that was clear to me back then when he was IMHO made to take George Herbert Walker Bush as his running guy that the party was really behind, and of course the guy who had been a part of the political machine his entire life....I mean he was Director of the wasn't apparent to me then, but as I have seen various people rise to power, and their prior roles in the political / war / intelligence machine, you can see how that machine people, and essentially keeps control of the apparatus of government power.

So even then, I felt Bush was thrust upon Reagan for a reason....let's face it, the obvious reason I saw (even at a young age) was Reagan's age....I suspected the party wanted to guarantee a succession path by installing someone from the "party old then, it never occurred to me that the assassination attempts might have been related....but as time went on, and other info about the intelligence agencies activities to Robert and/or destabilize foreign government, it became a bigger possibility in my mind that this was the case with Hinckley, Reagan's attempted assassin. But who knows.

Whether Reagan started to "play ball" after getting the message the hard way (assassination attempt), we may never the world is a better place because someone like him rose to such a high position and espoused the values of small government and personal / private companies control of economy and society.

[rumpelstiltskin]

Spot on. May I add two comments? Hoover, in a speech during the presidential campaign of 1922, commented that the path he wanted to put the country on and that which FDR wanted were two fundamentally (philosophically) different paths. Hoover understood where FDR was taking the country. Also, Rothbard, in his Man, Economy and State, notes that in the ERE, there would exist NO coercive payments. (i.e. no obligatory taxation). FWIW.

[BlueWaterSTAX]

Even democrats loved Ronnie. President Reagan was as blind as a bat though. The military turned him down for service. He could be a actor and stand in front of the camera, the rest is history. Excellent channel Mario. Good job 👍

[shanesturgis]

Hi Mario, big governments controlled by little Cities is the real problem.Have a great day

[steelwing]

Here in the USA, most of our production has been outsourced entirely to other countries under the guise (largely) of "protecting the environment" (EPA). There are dozens and dozens of unelected three-letter agencies intending to subvert, weaken, and destroy. I'm reading an article on ZeroHedge about the AfD party.

Any time a nation tries to rise up and become an actual nation and seek sovereignty, something out there does everything in its power to crush it.

You mentioned WW2, it's very odd how the "good guys" won and yet everything has gone to s*** since then. :)

End the Fed. End all central banks. Let each nation do what's best for them and I think we all can have mutual respect.

[andrewnovak]

Yeah, Reagan said that and then blew out the debt. He also made the MIC really rich.
Corporations suffer from that short-term time horizon problem as much or even more than government. They knit themselves golden parachutes all they while they sell the corporations future productivity for immediate profits.

[lowtech_]

Ronnie Ray Guns, starwars was expensive.

[TtheSilverStacker]

I appreciate you sharing your wisdom. I’ll keep stacking silver as well!

[johnbones]

Modern buildings are made to fall apart. Before a public building was a work of art, now they are just big pretentious lumps of plastic designed by useless pretentious architects.

[darinthesecularspiritualist]

strap in stackers, going to be a bumpy ride. morning rudy

[rubies]

Where's Lyndon B. Johnson? He spent massively on Vietnam, The War on Poverty, etc. Nixon took the hit for his spending programs.

[hawk]

Thank you for taking the itme to make 2 videos today. They were both excellent.

[christyeasley]

Highway would last 50 years when made of concrete now highway lasts a year with tar and chat, in America schools are tin buildings now, trailers, trash building

[RickS]

Were you there during Reagonomics and will work for food? I was. I drove past those signs on my way to work. Similar times. The FED rate hit 21.5 in 1980 Jimmy Carter, but Clinton came in after Bush Sr. and things began to improve.
Same old story. No disposable income. Greed at the top. High rents and high housing costs.
In Canada and the US 2/3 of the population own a home. In Victoria B.C. where I live 2/3 of the population do not and cannot afford a home. So you can;t go by general average.
"Owning a home has long been described as “The American Dream.” In New York, that dream appears unattainable for a large share of the population: New York has the lowest homeownership rate among the states, with only 53.6 percent owning a home in the second quarter of 2022, compared to 65.8 percent nationally."