Every day Big Government heaps demands and restrictions upon businesses that sink some enterprises, cause others to direct resources away from serving customers and instead toward jumping through hoops of lawyers and regulators, and prevent other operations from ever getting off the ground.
Like some great swelling river, the powers of the federal government have today breached their constitutional levees and spilled into countless areas of life never anticipated by the founders.
Markets respond not to political pressures channeled through various committees, subcommittees, lobbies, and special interests but to the immediacies and exigencies of the economy - in other words, what's happening now.
Instead of doing more badly, government should focus on doing less well.
Today, the law is a crazy quilt of provisions and clauses that very often have little to do with securing general happiness but instead are designed to secure the particular happiness of various advocacy groups, politicians and bureaucrats.
Political changes and reforms do not usually favor the general populace. They benefit those who are positioned to best organize and advocate for their policies.
The more government does, the greater chance that its efforts will be tilted toward a particular group's good, instead of the common good.
The only way to effectively secure the common good is for the government to remain small.
Markets are nimble and efficient, gathering the collective but disbursed intelligence of the economy's players and communicating up-to-the-minute realities of prices, product availability, etc. Government is typically cumbersome, plodding, and slow.
Laws do not curb the lawless. After all, that's why we call them 'lawless.'
What we have to remember is that not everything is under our control. If people are free in any meaningful sense of the word, that means they are at liberty to foul up their lives as much as make something grand of them. That's a gamble we all take. That's the risk of liberty. Nobody wants others to screw up their lives, but each must be free to do so for themselves.
The government doesn't create wealth of its own; it can only take it from some and distribute it to others or dictate particular public uses of private resources.
To best serve the public happiness, government shouldn't do things it cannot do well - anymore than Wal-Mart should provide goods and services that people don't like.
With its brutal excesses and reliance on snitches and finks as informants, I don't think it's far off-kilter to describe the modern-day drug war as oddly similar to the Salem witch trials.
As government increases in quantity, our lives decrease in quality.
Far from a simple attempt to rid the nation of crime and drugs,
our policy against narcotics -- like any public policy --
comes with strings attached. And increasingly these strings
are constricting around the necks of Americans' lives and liberties.
Advocacy groups, politicians, and bureaucrats use the government to advance their private good instead of the common good.
Money spent in complying with a regulation cannot be spent again on marketing or product research.
Think about the difference between how your local gas station and congressman respond to a spike in oil prices. One has the price placard outside changed to reflect the reality of the market within hours. The other sends out a press release, tries to organize a hearing, and at the end of amount accomplishes nothing. Meanwhile, the gas station has already made at least thirty additional adjustments to the realities of the market while your politico fails to get anything more than easy media.
Bureaucracies typically move slowly, clumsily, and without much regard for the wants and needs of the people they supposedly serve.
Markets help people pursue their happiness more efficiently and effectively. Because they are so effective, markets provide benefits right here and right now, even while government is busy batching the protection of happiness.