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Government needs to protect property rights and enforce a strong, transparent legal system, but otherwise should have a limited role in our economy and instead allow the free market to work.
Today, the government wants to guide the economy, often choosing which technologies and industries deserve favored status (tax breaks or subsidies), which is an inherently corrupt process and counter-productive to economic growth. It's impossible to imagine that a cadre of politicians or bureaucrats are best suited to decide which businesses and industries deserve resources. We need individuals to make those decisions, since they have an incentive to make sure that money is used wisely. Washington has no such incentive.
Independent Women's Forum director and Goldwater Institute senior fellow, Carrie Lukas
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