Here are some of America’s main economic problems.
- Painful inflation caused by bad monetary policy by the government.
- Excessive spending and debt caused by bad fiscal policy by the government.
- Rising prices and waste caused by bad health policy by the government.
- Inflexibility and inefficiency caused by bad regulatory policy by the government.
And that’s just a partial list. I’m not asserting that markets produce perfect results. Indeed, markets are a never-ending process of creative destruction.
But what I am stating is that intervention by politicians and bureaucrats almost always leads to bad outcomes.
So you can imagine my angst and disappointment at this recent polling data from Echelon Insights. A plurality thinks the government should “do more.”
I’m tempted to speculate whether 47 percent of Americans are morons.
But let’s take the high road and simply dig into the numbers. Whenever I see polling data, I always check whether the question is properly worded.
Is there any bias? Does the question make sense?